News
Mortgage News from Trevor Irons 08/03/2010
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Trevor Irons | 25 Eagle Close | Kingsteignton | Newton Abbot | TQ12 3PF | null
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The new Hendford Care Home Public Open Day
PUBLIC
OPEN DAY
11th March 2010
The new Hendford Care
Home with nursing operated by pioneering Aurora Care is opening its doors to
the general public on Thursday 11th March for a sneak preview before
it commences business on 15th March.
All are welcome so please
join us for refreshments and a guided tour of the new state-of-the-art facilities
at Yeovil’s first new care facility in the 21st Century.
Please call us to
express your interest and turn up at any time from
10 am – 4 pm or 5 pm – 8
pm
Guided Tours:
- 11
am
- 12
noon
- 2
pm
- 3
pm
- 6
pm
- 7
pm
Meet the team and
receive a goody bag (one bag per family) with our compliments as a souvenir of
your visit to Hendford Care Home with Nursing.
There will also be a charity raffle with some fantastic prizes to be won
in aid of St. Margaret’s Hospice, Yeovil.
166 Hendford Hill, Yeovil BA20 2RG
T: 01935 470400
www.hendfordcarehome.co.uk
LOCAL SPECIALIST FURNITURE COMPANY CELEBRATES 20 YEARS WITH NEW MARKETING STRATEGIES
LOCAL SPECIALIST FURNITURE
COMPANY CELEBRATES 20 YEARS WITH NEW MARKETING STRATEGIES
Established in 1990, Exeter based Backworld specialists in the sale of high
performance and ergonomically designed seating helping to provide the correct
posture when sitting, is celebrating 20 years of trading with new owners. David Lacey, who has gained invaluable
experience and expertise from working at the showroom in Topsham Road for the
last 3 years under the stewardship of the previous owners, purchased the
company with wife Katherine in January this year. The dynamic duo is putting steps in place to
market this already well established and respected business in the local area
to a higher level. This includes the launch
of their new website incorporating on-line ordering from their extensive range
of specialist furniture as well as developing a new company re-brand reflecting
their expertise in the field of design, performance and comfort for all seating
requirements in both the domestic and commercial markets.
Backworld provides an extensive and diverse collection of specialist
furniture ranging from children’s highchairs to electrically adjusted desks
suitable for professionals such as Architects.
As well as traditional seating Backworld is the sole distributor for
Varier an exciting range of furniture incorporating state-of-the-art design and
comfort which inspires you to move naturally to enhance the wellbeing of body
and soul; ideal for home or work. Backworld is also the local authorised
distributor for the high performance RH Chairs which are fully adjustable so
that they can be made bespoke to the individual’s requirements. They are also environmentally friendly as
they are fully 100% recyclable and developed with biodegradable seat foam which
is a World first!
David Lacey, Director Backworld
said “I really enjoyed working for the previous owners and learned so much
about the industry and when they were looking to sell the business it was a
natural progression for me to take over the company. Backworld is already well known as
specialists in the sale of ergonomically designed seating so Katherine and I are
very excited about the future and looking to take the company to a higher level. We are developing ideas to further raise our
profile in the area as the local seating experts. Whether a customer is looking for cutting
edge design or prefer the more traditional look we will have the right product
for their needs. We are keen to offer a
bespoke and very personal service to customers and work more closely with the local
business community in order to offer specialised and tailored office solutions.
To further develop our services I am also going to offer free consultations to
all customers at the showroom in Topsham Road so that they get the right
product for their individual needs and lifestyle.”
To further raise their profile in the business community, David is
launching the “Backworld Challenge” to prove that by using their specialist
furniture, local businesses can increase productivity and overall staff morale
in the workplace.
David Lacey, Director Backworld
said “Back pain is a major cause of discomfort and absence from work and if
you sit at a computer every day the design of the chair can be a contributory
factor to your wellbeing and productivity. Getting the right furniture is a
major investment for a business and with this in mind, we are going to be
offering free, no obligation trial chairs for local companies over a set period
of time which will be monitored and the results measured before making this
crucial purchase.”
For further information on the
Backworld Challenge please contact: 01392 202012.
-E N D S-
Media
Contact :
Glen
King - Glen King PR/Marketing Limited
M:
07921 586 911
E:
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W: www.glenkingmarketing.co.uk
NOTES
TO EDITOR:
Backworld is an Exeter based business that has been trading for 20
years and specialising in the sale of seating that has been ergonomically
designed to provide or help provide the correct posture when sitting.
The showroom in Topsham Road
has a range of demonstrator chairs and seating that allows the customer to try
out the various designs from different manufacturers to satisfy their personal
requirements, essential as few body shapes and conditions are the same.
Win a FREE Logo Design Worth £300, courtesy of 20:7 Design.
Win a FREE Logo Design Worth £300, courtesy of 20:7 Design.
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A chance to refresh your brand for FREE - why not take this great opportunity to give your business identity a professional makeover?
To enter, email us at:
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- closing date 20th March 2010.
As a TBX1 Preferred Partner, 20:7 Design provides a friendly and high quality graphic design service to a wide range of clients across the UK. Our customers have enjoyed the benefits of highly effective promotional material and great value for money, shown by our testimonials below.
Call us today to discuss how we can help you with any of your promotional material, brand design requirements, advertising and more!
Tel: 01395 271746
email:
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www.207design.co.uk
Follow us on Twitter: http://twitter.com/207design
Client testimonials:
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Northams Chartered Accountants Newsletter March 2010
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Newsletter
March 2010 |
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We have arrived at the last month of the current tax year. Later this month the Finance Bill 2010 will be announced. In view of the impending General Election, this is likely to be a thin one with a further Finance Bill after the election whoever wins. This month our newsletter looks at a possible strategy for reducing the effect of the 50% income tax rate in 2010-11, outlines some of the tax disadvantages if you are considered to be connected persons, a tip on utilising capital losses and finally an update on various HMRC issues. Would readers currently in the age group 50-55 please note that from April 2010 the age at which benefits can be taken from a personal or occupational pension will rise to age 55. Still time to discuss this with your Financial Advisor. After 5 April 2010 you will have to wait until your 55th birthday to draw your tax free lump sum and decide on your other benefits. Our next newsletter will be published on 9 April 2010. |
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Northams
- about us |
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Northams are Chartered Accountants and Chartered Tax Advisers who specialise in providing a comprehensive range of services to small to medium size owner managed businesses. We understand that today's business owners expect more than basic accountancy services. This is why in every case we tailor our services to our client's specific requirements. We provide proactive support and advice to enable them to maximise what they get out of their businesses. We have listened to our clients and as a result have developed our services to help with all their financial needs and to add value to their businesses. We offer a fixed fee service whereby all recurring services are provided for an annual fee agreed in advance. We include unlimited telephone calls at no extra cost which means clients can speak to us whenever they need to without worrying about cost. We aim to minimise tax liabilities and maximise profits by using our own 'Health-checklists' - provided to new clients and reviewed by us at no extra cost. We are always happy to talk to business owners without obligation. If you would like to know more about how we can help you, ring our principal Colin Gillard in strictest confidence on 07977 272333.
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Bonuses
or dividends v higher salary |
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If you run your own company and are considering an increase in your salary 2010-11 you might like to consider the following points:
1.
From
6 April 2010 if your income is in excess of £100,000 you will start to lose
your tax personal allowance, initially this can create a marginal tax rate up
to 60%.
2.
From
the same date if your income is over £150,000 you will be subject to the 50%
rate of income tax. Consequently increasing your earnings in 2010-11 may not be a tax effective move if you are a high income earner. Instead you may like to consider paying yourself a bonus in March 2010? You must have a clear and commercially sound reason for a bonus payment. If you were to follow this strategy the bonus would be taxable at the current highest rate, 40% and would have no effect on your current year personal allowance. There is a timing downside to this arrangement; any tax and NIC due on the bonus would become payable on 19 April 2010 (22 April if you pay electronically) instead of being spread over the year if you settled on a salary increase instead. Of course, when practical to do so, extra dividends are usually a better option than bonuses. Dividends voted in March 2010 will mean extra higher rate tax due 31 January 2011. If you are a high income earner and would like to discuss this and other strategies for minimising the impact of the changes coming in the next tax year please get in touch. There are still options we could look at before 6 April 2010.
Click here for a call back from
our office regarding this article. |
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Connected
persons |
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If you are a connected person for tax purposes you will be required to substitute the market value of any asset you transfer or acquire when working out the gain or loss on disposal - not the amount you have actually agreed, unless of course this is the same as market value. The most likely connection is that you are married or in a Civil Partnership. Fortunately if you and your spouse or civil partner are living together at any time in a tax year in which you make the transfer or sale, any gains are deferred until your spouse or civil partner sells the asset. One consequence of being connected is that any company you control, either on your own or with other connected persons may be treated as associated companies and affect the amount of company profits that qualify for the small company’s rate. The full list of connected persons for the purposes of transferring assets is set out below:
1.
Your
spouse or civil partner.
2.
Your
brothers and sisters, and those of your spouse or civil partner.
3.
Your
parents, grandparents or other ancestors, and those of your spouse or civil
partner.
4.
Your
children and other direct descendents, and those of your spouse or civil
partner.
5.
The
spouses or civil partners of any of the above relatives.
6.
Your
business partners and their spouses or civil partners and relatives (except
for genuine commercial acquisitions or disposals of partnership assets.)
7.
As
mentioned above any company you control, on your own or with any of the
people listed above, will be connected for tax purposes.
8.
The
trustees of any settlement where you or any person connected with you is a
settlor. The definition for the purposes of determining associated companies is more limited. Clogged Losses If for any reason you dispose of an asset to a connected person and make a loss on the transaction, the loss can only be used in the same year or carried forward and used against future gains, to the same connected person. It will also be necessary to demonstrate that on the second or subsequent disposal you were still connected. HMRC refers to these as Clogged Losses!
Click here for a call back from
our office regarding this article. |
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Negligible
value claims |
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HMRC define an asset to be of negligible value if "it is worth next to nothing". If you make a formal negligible value claim, the effect is to treat the asset as sold and immediately reacquired at a nil value, thereby creating a capital loss. Interestingly you can specify a time in the previous two tax years at which the deemed disposal should be treated. Obviously you will need to prove that negligible value applied at the earlier date. Accordingly any claim you make in 2009-10 could be treated as made in 2007-08 or 2008-09. The claim creates a capital loss. However, if the asset is shares that you have subscribed for in a qualifying trading company, it is possible to claim to convert the capital loss into an income loss that can be set against any other income. This is a useful way to recover some of your investment if a company in which you own subscriber shares becomes dormant for any reason and you have no prospect of recovering the cash you have tied up in share capital. Subscriber shares are shares you acquire from the company and not shares transferred to you by previous shareholders.
Click here for a call back from
our office regarding this article. |
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Updates
from HMRC |
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Online filing: Payroll returns 2009-10 Just a reminder that whatever the scale of your payroll activity you will need to file the 2009-10 P35 and P14s online this year. VAT returns filed after 1 April 2010 There are two categories of businesses that have no choice about online filing after 1 April 2010:
D1 Tax Codes The new D1 (50%) tax code will not be introduced until 2011-12. Any additional tax due in 2010-11 on second sources of income as deductions were made at 40% instead of 50%, will be collected through self assessment. Email scams - phishing You should never respond to emails purporting to come from H M Revenue & Customs. HMRC's advice on this issue is set out below: "HMRC would never contact you asking you to disclose personal information. If you have received an email requesting personal information, payment of tax or suggests you are due a tax rebate, please take the following action:
Click here for a call back from
our office regarding this article. |
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Tax
Diary March/April 2010 |
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1 March 2010 - Due date for corporation tax due for the year ended 31 May 2009. 19 March 2010 - PAYE and NIC deductions due for month ended 5 March 2010. (If you pay your tax electronically the due date is 22 March 2010) 19 March 2010 - Filing deadline for the CIS300 monthly return for the month ended 5 March 2010. 19 March 2010 - CIS tax deducted for the month ended 5 March 2010 is payable by today. 1 April 2010 - Due date for corporation tax due for the year ended 30 June 2009. 19 April 2010 - PAYE and NIC deductions due for month ended 5 April 2010. (If you pay your tax electronically the due date is 22 April 2010) 19 April 2010 - Filing deadline for the CIS300 monthly return for the month ended 5 April 2010. 19 April 2010 - CIS tax deducted for the month ended 5 April 2010 is payable by today.
Click here for a call back from
our office regarding this article. |
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DISCLAIMER - PLEASE NOTE: The ideas shared with you in this email are intended to inform rather than advise. Taxpayers circumstances do vary and if you feel that tax strategies we have outlined may be beneficial it is important that you contact us before implementation. If you do or do not take action as a result of reading this newsletter, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
Northams 21-23 New Street Devon EX14 1HD
Tel: 01404 45994 Fax: 01404 46470 web: www.northams.com
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AWARD WINNING BUILDING CONTRACTORS HAND OVER NEW £4.5M CARE HOME IN YEOVIL
Award winning building contractors, R G
Spiller Limited based in Chard hands over Hendford Care Home with Nursing, the
first new 21st century care facility in Yeovil to owners/developers Aurora Care
Limited. The company established in 1840
with further offices in Durrington and Exeter and extensive healthcare sector
experience, won a ‘Considerate Constructors ‘2009 National Bronze Award’ last year
at The Guildhall London for “Performance Beyond Compliance”.
Hendford Care Home with The state-of-the-art facilities
has been developed on the former Milk Marketing Board site at Hendford Hill,
Yeovil on behalf of health care providers Aurora Care who already operates the
award winning Hurst Manor Nursing Home in Martock.
Phase
1 of the £10 million development has taken 15 months to build with further care
related buildings being constructed on the site following completion of the care
home and will create 75 much needed new jobs in the local area in its first
year of operation.
Funded
by Royal Bank of Scotland and designed and project managed by local chartered
building surveyor Alan Young, the ecological credentials of the building include
solar panels for water heating. Rigorous insulation standards have been adhered
to in the design and an innovative rain water recovery system will recycle
water for use in laundry and WCs.
Andrew Howard, Managing
Director of R G Spiller Limited said:
“The Care home will provide state-of-the-art
facilities and boasts outstanding
thermal insulation and hotel standard sound insulation. We secured this project because of our
extensive experience in the health sector and our ability to deliver a high
quality build on time and within budget.
Hendford Care Home will provide much needed care services and create a
substantial number of new job opportunities in the local area and we are proud
to be part of this project.”
Managing Director Aurora
Care Limited, Michael Lawson said:
“It was important to us that we employed a
local contractor and consultant. R G
Spiller has an excellent reputation and knowledge in healthcare
developments. Greg Parkin the Contracts
Manager and Steve Bond the Site Manager always kept in close communication and
it has been a smooth operation and they have produced a high quality building
which we are very proud of.”
Hendford
Care Home with Nursing is offering 40 beds for much needed nursing, palliative and
dementia care to the elderly population of Yeovil and South Somerset with 24
hour registered nursing staffing and will be the new Head Office of Aurora Care
Limited.
There
is a Public Open Day on Thursday 11th March for the local people of
Yeovil and surrounding area before Hendford opens its doors for business on the
15th March. Open sessions
will run from 10 am – 4 pm and then again in the evening from 5 pm – 8 pm with
light refreshments and guided tours.
Managing Director Aurora
Care Limited, Michael Lawson said:
“Hendford Care Home is situated on one of
the highest sites in the Yeovil area with breathtaking views of the town and
surrounding countryside. It will provide
an important care service in South Somerset and we are actively encouraging the
people of Yeovil to become involved and to meet the team. The Public Open Day is being arranged so that
residents and the local business community can see what we are about. In addition there is a large amount of job
opportunities which we hope will go to local people.”
For more information on
the Public Open Day and job opportunities –
Visit: www.auroracare.co.uk.
-
ENDS -
Media contact:
Glen King PR/Marketing
M: 07921 586 911
E:
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