To Grow The Campaign Cut And Paste The Text Below Into Your Blog - Pass It On www.joinMUST.org/free

<a href=”http://www.joinmust.org/free”><img class=”aligncenter size-full wp-image-1442″ title=”join_must” src=”http://directoryofmanchester.net/blog/wp-content/uploads/2010/02/join_must.gif” alt=”join_must” width=”176″ height=”144″ /></a>

What would Sir Matt have thought about the Glazer style regime? If we look at the Barcelona model of club ownership there is a lesson to be learned. www.joinMUST.org/free

More Green And Gold graphics: www.1878gag.blogspot.com

The Great Big Tax Lottery?

Never mind the Credit Crunch, millions of self employed businesses emerged from the Xmas festivities to the chilling horror of the 31^st January tax deadline.

We have a strangely irrational attitude to tax. Tax dodgers, especially fat cats, are despised yet we do nothing positive to legally minimise our own tax bill. The Public & Commercial Services Union recently reported that £130 Billion is cheated in taxes every year and proposed that rather than raising taxes to fill the big hole in the UK deficit HMRC ought to try jolly harder to collect what was due. As if life and human nature was that simple.

Honest? We want your money, all of it.

The tax system is horrendously lop sided against honest tax payers. Millions of us little guys overpay tax! For example, HMRC openly admit that 1.5 million pensioners have paid £250 million too much in tax. But, 500,000 by their reckoning have underpaid £100 million. So that makes it alright then?

Tax justice is not the privilege solely of the rich!

We are guilty as a nation (self employed and employed) of paying billions way too much in tax –the 2008 estimate was £7.6 billion, but no-one really knows. Quite literally we are habitually subsidising the wasters and the cheats, even though we cannot afford to.

On top of this hundreds of thousands routinely hand over further fortunes in HMRC fines and penalties. Last year over 800,000 were levied a £100 fine for not getting their tax returns in on time, The number of tax delinquents may even double this year with the recession hitting the little guy most.

We’re all in a mess –what can the taxman do?

Tens of thousands of limited companies have gone bust in 2009 and the tax is written off. No such luck for the rest of us including the self employed who are personally liable for tax debts. A huge deficit exists in the Nation’s coffers and who is expected to fill it? Answers on a postcard, please.

HMRC have very cleverly upped the ante and voted themselves new powers that came into force retrospectively covering 2008-9 tax returns. These measures are punitive and potentially devastating: HMRC can now swoop by giving you just 24 hours notice of a spot check. They can fine you £3,000 for not keeping good records -an open and shut argument where they are always right and we are wrong. If you don’t reply to their “begging” letters they can fine you £60 a day until you do. If they think you have been careless or deliberate in your tax affairs they can double your tax with penalties.

Forget the Bankers Bonus Tax which is just a piece of window dressing to keep the illusion that tax is fair. It isn’t.

I don’t do tax returns, I like pain.

Consider the case of Dave, a plumber by trade and a plonker by nature. He’s decided that he’s had such a lousy year he isn’t going to bother with tax for the moment, besides which he isn’t inclined to pay a week’s earnings to his accountant for the privilege.

Dave, true to form, has not paid his £1,000 balancing payment which was due in July 2009. By not doing his tax return he will be receiving a £100 fine in February, followed rapidly by a further tax determination of £3,000 (£2,000 assessed for the tax return he has not done and another £1,000 payment on account for 2009-10.) This new liability of £4,100 (plus interest on top) will really please his pet gorilla Gladys (Mrs Dave, that is), for sure, and the tax bill will rise by another £1,000 (2^nd payment on account) in July if he survives till then. By then, HMRC might also be sufficiently roused to fine him £60 a day until he complies.

Gladys saves the day: Do your own tax return and save loads of grief-and money.

Gladys sussed out that investing a few hours on the kids’ computer could completely transform Dave’s fortunes. First of all, she needed guidance on what Dave could claim against his earnings and she found this in a product called MrTax CD. By following the simple tax tips given she claimed for multiple items that had been missed. Bank charges, tools, the computer, broadband, even expenses without receipts could all be claimed – and she could be paid for doing Dave’s book-keeping tax free rather than spend the money on an accountant.

The Midas Touch. £5,000 debt becomes £1,000 profit.

On earnings of £15,000 (down from £25,000 the previous year) Dave only made a taxable profit of £6,000 so in fact had no tax to pay. So, not only was the July 2009 £1,000 payment on account wiped out, the earlier £1,000 on-account payment made in January 2009 was refunded. Not only was there no tax to pay in January 2010 there would be no payment needed in July 2010 either.

The good news didn’t stop. Dave and Gladys now qualified for Working Tax Credits even though they had no children. Applying for it was really straightforward once the tax return went in and netted them a further payment of £160 per month.

Not a tax fantasy, just a simple case of taking charge of your own affairs.

MPs fiddled the system because they manipulated the rules which they themselves had set. However, millions do not claim all their legitimate expenses deemed allowable by HMRC as “wholly and exclusively necessary” for their trade. Every £100 not claimed leaves you with just £72.

Who knows your business better? You or a stranger with a calculator who gets shoved a pile of receipts and invoices often without a word of explanation?

The very least that will happen by doing your tax return is that you will be able to negotiate time to pay any outstanding tax arrears as part of the Business Payment Support Scheme that our government announced in November 2007 when we were faced with financial Armageddon .

As it stands today, the people who are going to suffer most at the hands of the taxman are the vulnerable and the ignorant. Rampant fines and penalties will be the medicine offered and the final (probably over-assessed) tax claim will suck you dry.

Better than Free?

MrTax CD is an opportunity for you to fight back against unjust taxes. It’s free to try and really you have nothing to lose – unless you fail to do your tax return! The £139 purchase cost will be recouped several times over in accountancy fee savings and by being able to claim a tax free book-keeping fee for a family member.

Take a few minutes to visit www.mrtaxcd.co.uk and download a free trial of MrTax CD. If nothing else, you could find yourself hundreds of pounds better off than you thought. You still have just enough time to file your tax return - the latest date for registering with HMRC is January 21st. Even after this date, you can simply print off the MrTax CD reports and ask a local tax adviser to file on your behalf for a nominal extra charge.

You have been warned – not doing your tax return is the very worst financial option whatever your circumstances.

http://www.youtube.com/watch?v=Dds3k6OcKTU

And Moira Stewart In A Lighter More Funny Situation: View While saving £££££££££££££££@ MrTAXCD Click Here

Millions of small businesses could pay less tax legally.

As of 15^th November less than 25% of the UK’s 9 million tax returns had been received by HMRC. That means that nearly 7 million of us were still contemplating our next step.

Those people who need to complete a tax return and pay their taxes by 31^st Jan 2010 include 4 million sole traders, 800,000 landlords, the balance being directors of limited companies and high earning employees.

The Credit Crunch affects the taxman as well.

HMRC know that many of us are struggling to pay our taxes and many (almost a million last year) will do absolutely nothing by the deadline and expect to pay the resulting £100 fine.

Should we pity our poor tax collector, HMRC? Absolutely not! In April 2009 HMRC announced a cunning new strategy which in effect amount to new taxes by the way of fines, penalties and surcharges.

HMRC love collecting fines and penalties and surcharges because ironically very few taxpayers dispute them and they are easier to collect than outstanding tax !

Thousands of taxpayers every year pay the late filing fine when in fact HMRC have no legal right to collect it (e.g. if you have no tax to pay, the fine should not exceed the tax due therefore no fine is due).

HMRC has voted itself punitive new powers = more taxes

HMRC’s new powers mean that they can now fine you £3,000 for not keeping “good” business records. They can further penalise you 30%, 70% and 100% respectively for carelessness, deliberate understatement, and acts of concealment, resulting in underpayment of tax –and further pain you by launching a re-assessment of previous years tax returns.

Instead of the old fashioned investigation culture (which was not cost effective) the taxman has moved to a sleeker tax collection model relying on computer generated stats reporting tax return anomalies to generate enquiries.

This is a much more aggressive “stand and deliver” approach to collecting taxes. Tax compliance is the key and inevitably it is designed to hit the struggling small business more than an affluent one.

“My accountant handles all that” is no longer a defence if the taxman comes a calling. Indeed any self respecting accountant should be warning you of any inadequacies in your records whereas previously they would simply process whatever was put in front of them. As the HMRC powers are retrospective and cover the 2008-2009 tax year the three brass monkeys approach means many are vulnerable to a HMRC challenge this year.

Download Your Evaluation Copy Here

We just love paying far too much tax, evidently.

The flip side of this is that a reported £7.6 billion is overpaid in tax every year. Small businesses, especially sole traders are victims as they rarely claim all their valid expenses and routinely get over-taxed.

Sole traders are guilty of not claiming for all their tools including computers (and associated broadband costs). In many cases, items are bought ahead of the business starting and traders have failed to grasp the treatment of business assets and corresponding capital allowances, meanwhile their accountant is completely oblivious. Many more would be better off by claiming business mileage rather than motoring expenses, one of the few devices whereby you can actually claim relief on more than you have spent. Even more fail to claim out of pocket but entirely reasonable expenses, bank ,credit card charges and interest. Book-keeping fees that can be tax free payments to a family member are also allowable.

Cumulative tax savings resulting from proper tax advice to the self employed, partnerships and buy to let landlords average out about £800 per year. For every £100 of tax relief not claimed, the taxpayer gets to retain a maximum of £72, at a basic tax rate of 20% and NI at 8%.

Taking charge of your own tax affairs is the best, not the last ditch option.

Deferring the production of annual accounts and tax returns to a third party book-keeper or accountant is damaging the financial well being of millions of tax payers.

Those who have not yet done their tax returns, possibly because they cannot afford an accountant, should seriously consider doing their own. Not doing their tax return by the deadline should not be considered to be an option.

MrTax CD is an extremely easy to use, intuitive system that produces sole trader, and landlord’s accounts. Unlike any other system available, it provides trade-relevant tax saving advice on every conceivable item of income or expense. By simply entering date, description and amount for every element a set of accounts is produced and the tax and NI is calculated. Comprehensive help is then provided to submit the tax return via the free HMRC self assessment service.

If you cannot lose and have everything to gain, why not try ?

Not only do customers save on accountancy fees, MrTax CD provides a money back guarantee that further tax savings will be available by simply following the easily understood advice.

The MrTax CD system was conceived by a former Senior Inspector of Taxes based on the exact processes used by HMRC collectors themselves. Therefore, by definition, any user of MrTax CD is taking reasonable steps to ensure that he is paying the right amount of tax (and not a penny more).

MrTax CD is available as a free download for customers to try the system prior to purchase at Mr Tax CD

Click The Ruck To Download Your Copy Today - Free Download and Trial or Purchase

<a href=”http://www.mrtaxcd.co.uk?coupon=000101″><img class=”aligncenter size-full wp-image-1374″ title=”closer-than-you-think-120-x-240″ src=”http://directoryofmanchester.net/blog/wp-content/uploads/2009/12/closer-than-you-think-120-x-240.gif” alt=”closer-than-you-think-120-x-240″ width=”120″ height=”240″ /></a></p>

<a href=”http://www.mrtaxcd.co.uk?coupon=000101″><img class=”aligncenter size-full wp-image-1375″ title=”red-card-250×250″ src=”http://directoryofmanchester.net/blog/wp-content/uploads/2009/12/red-card-250×250.gif” alt=”red-card-250×250″ width=”250″ height=”250″ /></a>

An interesting view on MP’s expenses from Godfrey Bloom. Why did the BBC cut the bits out 5 years ago as it was considered embarrassing? For Who? See Related Articles. Search Tax.

http://directoryofmanchester.net/blog/?p=1072

http://directoryofmanchester.net/blog/?p=1149

These range from true and permanent savings in tax from either being a landlord or self employed through to potentially being able to profit from our growing internet marketing organisation of affiliates.  Further details will be sent through our newsletters in due course.

Feel free to download and test the Tax initiative software provided by MrTaxCD. This could literally save you thousands of pounds as a self employed / land lord or dual income earner.

or Review our related articles.

Have You Ever Wondered How Much Internet Marketers Can Actually Make or how they do this? Consider that on Google alone nearly 1 billion searches a month are done in the UK and in the region of 30 billion a month worldwide. Search is Habitual.

Aymen and The Arbitragers - (Arbitrage) Are at it again. This Time they are Unleashed. They have committed to giving more quality information enabling you to maximise your existing business or potentially develop a new web based operation. Many of the techniques taught you will see here utilised in the site or your existing business could benefit from them by using our services. In the coming months we will be partnering with many of the new course attendees with specific UK initiatives. Sign Up For The Arbitrage Conspiracy Unleashed or read their compelling report. Today.

If you have navigated your way here and want to sign up for our newsletter or marketing initiatives.

Let us include you on our database of valued clients and customers;

Win a lifetime membership to the arbitrage conspiracy unleashed program. What will this do for you? Place the best teachers in internet marketing at your feet. Tell you how and why something works. No false promises just clear steps to get and convert traffic be it email, search marketing or newer methods yet to be revealed in the forthcoming course. Have a go, see if you can win the prize or an HD TV! Best Of Luck.

Find Out More: Click Here Now

After discussions recently with an FSA member that intimated that NOT ALL funds were frozen and some were still in circulation I chose to follow this up with Darren Upton, who i had exchanged a number of mails with as progress was slow. Unfortunately little information of late was forthcoming and more recently he has been asked to not make statements whatsoever by his solicitors.

In an automated response to my mails stating he was ill I chose to visit the office of Uptons in Wakefield and attempt to find out more information.

Mr Upton was in on my arrival but as i had not booked an appointment, he wouldn’t see me also he stated via his reception clerks email that he could make no comment and would call me.

I knew this was unlikely as he hadn’t chosen to exchange any dialogue when requested before, choosing email only. I sat in the office till either he a representative or his solicitor would speak to me.

This took about 50 minutes or so after a number of times being told he wasn’t available and me saying id wait till he was coming out.

After speaking with the receptionist for the fourth or fifth time she received a call from the solicitor.This was transferred to a meeting room.

I spoke with a Lyndsey Smith of Walker Morris solicitors. Through a series of questions i deduced the following.

• Uptons personal business and what had been identified by the FSA as currency plan were frozen.
• There is an amount with a third party that has’nt been frozen but the FSA are aware of who has it and are looking to retrieve it.
• Uptons as stated were assisting fully in the enquiry.

We as investors are not allowed to know who the third party are as the FSA, Uptons and Walker Morris are all remaining very tight lipped about who the third party is - all with the same response - we cant comment?

Intrigued or do you know the Answer?

Any input from fellow investors appreciated to put the pieces of the puzzle together. Or if you have an inside story care to spill the beans?

Thanks.

Bruce Lamb

FSA link

Type Of Business Offered:

Type Of Business Wanted:

Elevator Speech: Text

60 second Presentation Video:

Get Your Free Link To The directory: Here

Related Articles:

Copyright © 2009 Boxndice Ltd, Viral Business Cards, UK-IMDN.com, 60sp.com