HMRC in a round table discussion stated that doctors and dentists pose a serious tax risk, which is a rather curious way of putting it. HMRC targets certain sectors where they believe substantial income has not been declared, which is driving the HMRC Tax Health plan. Dave Hartnett the Permanent Secretary for Tax and Commissioner of HM Revenue & [...]
2010 will see HMRC carefully scrutinising medical professionals. Doctors, Dentists and other medical professionals will find their financial affairs under greater scrutiny this year. HMRC introduced the Tax Health Plan, “as an opportunity for medical professionals with tax to pay to get their affairs up to date with the benefit of a fixed penalty.”
Doctors and dentists need [...]
HM Revenue and Customs have recently taken a number of residence cases to the commissioners and all the cases the tax payer has been found to be UK resident. We expect HMRC to continue scrutinise claims to be non- resident as the tax stakes are high Breaking the UK Residence If you want to cease [...]
In the post-analysis of the second London G20 summit tackling the global economic crisis we look at some of the conflicting views and analyses in the build up to the September summit in Pittsburgh. Nouriel Roubini continues to warn of a double dip recession:
There are also now two reasons why there is a rising risk [...]
The IMF has revised its economic predictions for the UK. It anticipates that the UK will emerge out of the recession by the end of the year, and the IMF also raised its forecast for global growth in 2010.
This is good news for UK business, however business leaders across the SME sector need to increasingly understand and seize [...]
Companies that understand and harness digital technologies will have an edge over their competitors. Harvard Business Review have a special section on discovering the New Economy, which we think is rather interesting. In this article entitled ‘Twitter’s Ten Rules for Radical Innovators’ Umair Haque points to new rules that may shape business in the web [...]
Syedain & Co regret to announce the sad and untimely death of Ali Akbar Bharwani on 2 May 2009. He was both a friend and professional colleague, and he will be sadly missed by all concerned.
Ali worked for Binder Hamlyn, which became part of BDO Stoy Hayward and qualified as a chartered accountant in [...]
This week has seen a great deal of debate about how to solve the global economic crisis. Much has been written and we have selected some articles that capture the diverse opinions that are shaping this historic summit:
Divided we stand
On the eve of the G20 summit, countries remain split on how to respond to global [...]
Car insurance according to Islamic principles has become even more accessible according to an article in the Independent.
Salaam Insurance is the latest company to provide halal insurance and is available through the price comparison site moneysupermarket.com. The Islamic insurance market has yet to peak. According to Emile Abu-Shakra of Lloyds Banking “UK Islamic finance is in its [...]
As we enter 2009, the economic crisis will reach its peak. It will be a year that will see many changes in the international regulatory framework as many anticipate the kind of changes that have long been discussed and needed. The Davos economic summit has highlighted some of the new thinking required to tackled the epochal [...]
