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	<link>http://www.daviesmclennon.co.uk</link>
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		<title>The Christmas Party</title>
		<description><![CDATA[For those of you who are organising a well deserved works party this Christmas we have sketched out below the current reliefs available:
The cost of a staff party or other annual entertainment is allowed as a deduction for tax purposes. Also as long as the criteria below are followed, there will be no taxable benefit [...]]]></description>
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			<feedburner:origLink>http://www.daviesmclennon.co.uk/2009/12/the-christmas-party/</feedburner:origLink></item>
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		<title>Making Gains</title>
		<description><![CDATA[Unless you qualify for Entrepreneurs&#8217; Relief, all taxable capital gains in excess of the annual exemption, presently £10,100, would be taxable at 18%.
There has been speculation that this rate will increase to discourage schemes to have income treated as capital gains. Next year, 2010-11, the top rate of income tax will be 50%, with some [...]]]></description>
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			<feedburner:origLink>http://www.daviesmclennon.co.uk/2009/12/making-gains/</feedburner:origLink></item>
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		<title>Avoiding the high income tax rates</title>
		<description><![CDATA[From 6 April 2010 the 50% income tax rate comes into play &#8211; for those with income over £150,000. For those earning over £100,000 personal allowances are withdrawn, creating an eye-watering marginal rate of 61.5%
There are options. If you are concerned about the impact of this new tax band on your taxed income do call [...]]]></description>
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			<feedburner:origLink>http://www.daviesmclennon.co.uk/2009/12/avoiding-the-high-income-tax-rates/</feedburner:origLink></item>
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		<title>Property tax update</title>
		<description><![CDATA[Business Rates
Business rates became due on most vacant business property from 1 April 2008 when previously such properties were exempt from rates. In last year&#8217;s Pre Budget report the Chancellor announced an exemption from business rates for empty properties which had a rateable value of less than £15,000, but only for the 2009/10 financial year.This [...]]]></description>
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			<feedburner:origLink>http://www.daviesmclennon.co.uk/2009/12/property-tax-update/</feedburner:origLink></item>
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		<title>Paying private bills through the company</title>
		<description><![CDATA[Before we examine this issue from a tax perspective we need to emphasise the difference between limited companies and sole trader and partnership businesses in the way that they distribute taxed profits to the business owners.
Sole traders and partnerships are taxed under the self assessment rules. Profits are allocated as agreed by the business owners [...]]]></description>
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		<title>IHT Business Property Relief</title>
		<description><![CDATA[Hidden away in the inheritance tax (IHT) regulations is a relief that can have a significant impact on the amount of IHT payable by estates which include business property.
What is business property?
It includes:

A business or interest in an unincorporated business, 100% relief available.
A holding of shares in an unquoted company, 100% relief available.
A controlling holding [...]]]></description>
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		<title>Business rates – new rateable values</title>
		<description><![CDATA[It is very important to check the detail of the new valuation to make sure that the rateable value applied to your property is correct. The rateable value is determined by a number of factors primarily the open market rental value on the valuation date. The valuation date for the 2010 changes is 1 April 2008. We are aware of cases where business rates have been reduced, following appeals on the basis that rental values have fallen.]]></description>
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		<title>Taking on an apprentice</title>
		<description><![CDATA[The CBI has called on the government to provide extra subsidies to help apprenticeship schemes.
The employers&#8217; group wants to see a portion of the government&#8217;s £500 million recruitment subsidy fund re-directed towards supporting new apprenticeships. Under the CBI scheme, some £125 million would go towards supporting an additional 50,000 apprentices.
Employers would receive £2,500 in order [...]]]></description>
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		<title>Sale of property that has been held for letting</title>
		<description><![CDATA[We all know the property market has been through terrible times lately. Some businesses, set up in the good times to invest in let property for the long term, have been forced to sell some property to generate  funds to cover ongoing costs.
Where a property investment business starts to develop properties for sale, rather than [...]]]></description>
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		<title>Travelling from home to work</title>
		<description><![CDATA[If you are employed

It is well established through legal cases that employees cannot claim the cost of travel between home and their normal place of work. H M Revenue &#38; Customs consider this cost merely puts the employee in a position to perform their duties. The definition of employee in the examples that follow includes [...]]]></description>
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