Starting Up in Business?

Davenports provides clients with highly relevant information to help start, set up and run a Business. Here you will find advice and services from accountancy to help you grow your business (visit the accountancy start up page), through to a website presence and business stationery, all directly available to the business community.

Find out why you should choose Davenports and then get in touch to get things started.

Best regards,
Davenport Startup Team.

Service Request

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7. Davenports to check my tax code for this year
   Help with my accounts
   A change of accountant
   Assistance starting up
   Help with the payroll
   Help with tax, CIS or VAT
   Help with getting money from my clients
   Some printing, such as business cards etc.
   Graphic design, like logos and branding
   A website fast for my business
   A website for my family tree
   
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Warning on UK Tax Codes

Incorrect tax codes may have been sent by HM Revenue & Customs (HMRC) because of an error in a new computer system.

The codes tell taxpayers how much their employers and pension firms will deduct in income tax in the coming financial year 2010-11.

The Chartered Institute of Taxation (CIOT) says taxpayers could be asked to pay up to £108 a month too much.

The Revenue said it had no evidence of a widespread problem but advised taxpayers to check carefully.

“There will be some incorrect tax codes as there always are at this time of year,” said an HMRC spokesman.

“But the coding notice tells people what the code relates to and tells them to contact us if it is wrong,” he added.

‘Nasty shock’

The CIOT has called on the Revenue to launch a publicity campaign to alert taxpayers to the potential problem.

“Most people on PAYE are used to assuming that what the taxman sends them is correct,” said Andrew Hubbard of the Chartered Institute of Taxation (CIOT).

“But this year, many of them are being given wrong information, and unless they spot it and tell HMRC, their employer will receive the wrong information too.

“They could get a nasty shock when they open their April pay packet and see it is as much as a hundred pounds lighter than they are expecting,” he added.

It is not clear how many incorrect tax codes have been sent out, or may be distributed in the coming weeks.

The CIOT said the scale of the problem might be indicated by the fact that this year about 25 million coding notices are being distributed, which is about twice last year’s number.

The Revenue explained that the increase was a natural feature of the new system.

“It creates a single record for customers for the first time, and this, together with increased automation compared to previous years, is resulting in many more people having more accurate codes than before,” the spokesman said.

Computer problem

The codes have been sent out in batches in a process that started in the first week of January and which ends in the first week of March.
  If the whole of that personal allowance is wrongly applied that would cut a basic rate taxpayer’s pay packet by about £108 a month or £1,295 a year

CIOT
They go first to individual taxpayers in a P2 notice for them to check, before the code is sent to their employer.

However some people are receiving two or more more coding notices which are different.

The problem appears to lie with a new computer system designed to process the collection of income tax via the PAYE system, along with national insurance contributions.

The CIOT said the system’s database was failing to distinguish between current jobs and old ones, leading to tax codes being calculated on the assumption that someone has more than one job.

It said this was resulting in some people having their personal allowance split between two jobs, or allocated entirely to a job they no longer had, which would force their current employer to deduct too much tax.

“The personal allowance will be £6,475 for most people under 65 in 2010-11,” said the CIOT.

“If the whole of that personal allowance is wrongly applied that would cut a basic rate taxpayer’s pay packet by about £108 a month or £1,295 a year,” it said.

In a few cases the Revenue computer system has removed the personal allowance on the assumption that the person’s income will be higher than £100,000.

Earners above this level will lose their personal allowance this coming tax year, in a measure first announced by the Chancellor in the 2008 pre-budget report.

Accountancy Age

Taxman Should Improve Bereavement Behaviour

The Low Incomes Tax Reform Group has called on the taxman to improve its treatment of the bereaved.

A paper from the charity recommends HM Revenue & Revenue takes part in a Tell US once pilot which allows the bereaved to report a death to s single government agency which would then notify all the other relevant bodies.

In addition the group wants HMRC to begin house calls and take steps to eradicate the overpayment of tax among the elderly.

John Andrews, Chairman of LITRG, said: “LITRG tries to join up the activity of HMRC with other departments, such as the DWP and we are continually frustrated at the silo mentality of ostensibly customer-facing organisations.

“People need the maximum support from all government departments at the time of bereavement.”

Accountancy Age

Sage Warns of VAT Change Complications

Two thirds of businesses could be leaving preparations for VAT changes too late warns financial software giants.

Sage has warned businesses to prepare for the VAT changes or face the consequences.

The financial software provider has found that just a third of businesses will be prepared for the VAT changes before they close their offices for the Christmas period.

The VAT rate will return to 17.5% on 1 January 2010 causing disruption to accountancy firms and businesses in the New Year.

“This is cause for serious concern - managing the change for something as integral as VAT is not as easy as simply flicking a switch. In fact, it can be hugely complex for businesses both small and large,” said Kevin Hart, head of government relationships at Sage UK & Ireland.

“Those that fail to plan the changes now will pay the price later,” he added.

When the VAT rate was reduced this year, businesses were given just four days to prepare for the amendments. Sage has said that its VAT development team and support staff had to work around the clock to prevent widespread disruption.

There are special arrangements being drafted for certain businesses operating beyond midnight on 31 December.

Sage is advising its clients to get in touch with their accountants as soon as possible to discuss how the changes will impact them.

Accountancy Age

Tax Doesn’t Have to be Taxing

Missed the 31 October deadline for tax self-assessments? Use Davenports, we file everything electronically giving you until 31 January 2010.

Find out more about our taxation and accountancy services.

Keep in Control of your Cash Flow

At Davenports, we are totally committed to providing the best quality debt collection services by utilising the skills of our highly experienced debt collectors & by using the latest debt recovery computer technology.

Here’s an example of a recent satisfied credit control customer:

JDS Human Resources Consultancy Limited
Janet Shearer - Director - West Drayton, Middlesex
“I wanted to write and say a huge thank you to Davenports in successfuly undertaking and resolving credit control issues for JDS HR Ltd. You have recovered almost £10,000 which was owed to us, in under a week of taking on the case. This was a great result for the company and I would like to thank you and the team in handling this matter for us in such an efficient and very swift manner.”

For full details of this service, please visit our credit control page.

HMRC Contact by Automated Voicemail or SMS Text Message

HM Revenue & Customs (HMRC) are trialing new ways to contact taxpayers. As part of these trials you may be contacted by SMS text message. You will be asked to ring them on telephone number 0845 300 3900. If you receive an SMS text message claiming to be from HMRC asking you to contact any number other than 0845 300 3900, you should not respond to the number but instead report the matter to your HMRC Contact Centre for them to consider looking into further. This warning only applies to any SMS text messages from HMRC. It does not apply to any messages left in person by HMRC officers asking you to ring them back at your local office.

Print & Design Starter Pack

Get your company recognised with a Print & Design starter pack from Davenports.

Like every business, Davenports was once a startup. And we realise that, for new companies, a huge marketing budget is generally out of the question.

That’s why Davenports have put together this very special pack to help get your business’ identity and marketing activities on their feet.

This high-value pack includes:

• Expert logo design
• 250 business cards
• 250 letterheads
• 250 compliment slips

We’re delighted to offer the entire pack for just £300 (+VAT) - that’s a saving of 20% compared to our regular price.

Click here to buy today !

This offer is available until 30/09/2009. UK-based businesses only.

Print or Design Request

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Un-Muddling and Fire-Fighting

Are your accounts in a state? Wish you could just make them disappear? Try our fire-fighting and un-muddling service! We’ll take the load off your hands. We take your paperwork in any state - even if it’s stuffed into bin bags!

Visit our fire-fighting and un-muddling page.

Davenports Gift Vouchers

Whatever the function Davenports can cater for your business needs across the accountancy, web and print spectrums.  These gift cards can be used as a thoughtful yet functional gift throughout the year.

Click here where you can get more information about the vouchers and also make a purchase.

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