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Help from HMRC for Deaf Customers - Callie Timothy Limited - If you're deaf, hard of hearing or have a speech impairment

If you have a speech impairment, are deaf or hard of hearing and use a textphone you can contact HMRC by text relay or by textphone.
Text Relay

You can contact HMRC by dialling the text relay service prefix number 18001 followed by the HMRC telephone number. A full list of helplines can be found by following the contact HMRC link below.

Contact: http://www.hmrc.gov.uk/contactus/particular-needs.htm
Website: http://callietimothy.com/
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How we set up a Payroll System - How to set up your payroll
Checklist

1 Ensure that you are registered as an employer with HM Revenue & Customs (HMRC) and register for PAYE Online.
2 Decide who will be responsible for managing PAYE; consider whether you will operate PAYE yourself, use the services of a payroll agency or your accountant.
3 Invest in appropriate payroll software: checkit is compatible with HMRC’s ‘Real Time Information’ reporting requirements and how it could be linked into your accounting system.
4 Set up a payroll timetable include the dates for making payments to employees and HM Revenue & Customs, and handling year-end PAYE filings and employee documents.
5 Clarify the legal rules, and your contractual agreements, covering sick pay and maternity, paternity and adoption pay, pension contributions and deductions from pay.
6 Check employees’ data is accurate and complete; gather any missing information ready for submission to HMRC.
7 Establish a system for dealing with new employees, employees leaving, sickness, maternity, paternity and adoption leave.
8 Implement a system for calculating additional pay (eg bonuses and commission) and any taxable perks (eg company cars).
9 Decide how expenses will be handled.
10 Put security measures in place to protect the confidentiality of payroll information and guard against fraud.
11 Make contingency plans (eg if your computer system fails) to allow you to handle payroll and filings on time.
12 Use your payroll system to generate useful management information (eg employee costs, individual employees records).
13 Keep up to date with payroll rules by reading HMRC mailings; if necessary, contact the employers' helpline or your professional adviser.

Source: http://www.startupdonut.co.uk/startup/employees/hiring-employees/how-to-set-up-your-payroll

Website: http://callietimothy.com/
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Callie Timothy Introduction - http://callietimothy.com/ - Callie Timothy supports corporate, private individuals and not-for-profit organisations across a number of sectors. With over 21 years of local and international business experience, we bridge the gap meeting your expectation.

We understand the peculiar nature of our individual clients, and that is reason we tailor our services to suit their respective needs.

Our team is made of experts in different areas of specialism with a strong commercial sense, which avails our clients the luxury and access to the right professional standard. We do work closely with clients taking into consideration their business objectives and goals.

http://callietimothy.com/

We keep abreast with the bigger picture, considering trends, developments, opportunities and treats as result of statutory changes as it may affect clients businesses.

Our one-stop shop approach provides integrated solutions to meet your needs at every stage of your organisation’s development.

Services

 Accounts
 Taxation
 Audit
 Rental Management.
 Management Accounts.
 Business System Appraisals
 Business Plans
 Bookkeeping
 Payroll Bureau
 Compliance (HMRC and Companies House)
 Non-For-Profit business advice
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Simpler Income Tax Cash Basis and Simplified Expenses - Income and expenses under cash basis
Income

With cash basis you only count the money you’ve actually received in a tax year.

Any money you’re owed isn’t counted until you receive it.

All payments count - cash, card, cheque, payment in kind or any other method.

You can choose how you record when money is received or paid (eg the date the money enters or leaves your account or the date a cheque is written) but you must use the same method each tax year.

Expenses

Expenses are business costs you can deduct from your income to calculate your taxable profit. In practice, this means your allowable expenses reduce your Income Tax.

You only count the expenses you’ve actually paid. Money you owe isn’t counted until you pay it.

Examples of allowable business expenses if you’re using cash basis are:

day to day running costs, eg electricity, fuel
admin costs, eg stationery
things you buy to sell on, eg stock
things you use in your business, eg machinery, computers, vans
interest and charges up to £500, eg interest on bank overdrafts

For the 2013 to 2014 tax year you can also choose to use the simplified expenses scheme instead of calculating expenses for use of:

vehicles
working from home
making adjustments for living on your business premises
There are some types of expenses that you can’t claim, eg anything that’s not used by your business.

Cars and other equipment

If you buy a car for your business, you can claim the purchase as a capital allowance (but only if you’re not using simplified expenses to work out your business expenses for that vehicle).

Unlike traditional accounting, you claim other equipment you buy to keep and use in your business as a normal allowable business expense rather than as a capital allowance.

If you’re currently claiming capital allowances and want to switch to cash basis, HM Revenue and Customs (HMRC) have guidance on the changes you need to make.

https://www.gov.uk/simpler-income-tax-cash-basis/income-and-expenses-under-cash-basis
http://callietimothy.com/
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Tax and VAT issues when trading with other countries using the Internet - Service exports make up about a quarter of UK international trade. UK businesses are major exporters in sectors such as financial services and consulting. UK businesses also buy services from overseas - such as outsourcing customer services to overseas suppliers.

Telecommunications and IT make it quick and cost-effective to trade services internationally.

Whether you are importing or exporting services, many of the same basic rules apply as for trade in goods. But there are key differences, from how services are marketed to the taxes and regulations that apply.

UK-based services exporters may also benefit from the commitments of UK trading partners under the World Trade Organization’s (WTO) General Agreement on Trade in Services (GATS).

The EU Services Directive has removed many barriers to service businesses established in a member state to easily provide services throughout the EU.

http://callietimothy.com/

This guide highlights the special features of trading in services and how to approach exporting or importing them.
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Tax Relief for Foster Carers- There are two elements to the relief:

An exemption, if your total receipts from foster care do not exceed the ‘qualifying amount’ (explained below). The exemption is automatic and does not need to be claimed.

http://callietimothy.com/

An optional simplified method of calculating profits if your receipts from foster care do exceed the qualifying amount.
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Tax Relief for Shared Lives Carers - The HMRC Tax Concession for Shared Lives Carers is given on the basis that the carer uses their own home in their work and includes the person they support in their family life.

http://callietimothy.com/

It is a generous concession, similar to the agreement which exists for foster carers. People who provide care and support, but who do not use their own home or include someone in their family life are not entitled to the Shared Lives Tax concession. Some Shared Lives schemes provide non-Shared Lives services (such as domiciliary care) as well as their regulated Shared Lives service. These other services may be very valuable and share some of the values of Shared Lives, but the people employed in them would not be eligible for the Shared Lives tax concession.

Source:http://www.sharedlivesplus.org.uk/support/tax-break
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MUST LISTEN Think And Grow Rich Napoleon Hill CLEAR FULL AUDIO - Think and Grow Rich is a 1937 motivational personal development and self-help book by Napoleon Hill and inspired by a suggestion from Scottish-American businessman Andrew Carnegie. While the title implies that this book deals with how to get rich, the author explains that the philosophy taught in the book can be used to help people succeed in all lines of work and to do or be almost anything they want.

Jim Murray wrote that Think and Grow Rich was credited for Ken Norton's boxing upset of Muhammad Ali in 1973. The Reverend Charles Stanley writes, "I began to apply the principles of (Think and Grow Rich) to my endeavors as a pastor, and I discovered they worked!" The book was first published during the Great Depression. At the time of Hill's death in 1970, Think and Grow Rich had sold more than 20 million copies and by 2011 over 70 million copies had been sold worldwide. It remains the biggest seller of Napoleon Hill's books. Business Week Magazine's Best-Seller List ranked it the sixth best-selling paperback business book 70 years after it was published. Think and Grow Rich is listed in John C. Maxwell's A Lifetime "Must Read" Books List.

http://callietimothy.com/

http://en.wikipedia.org/wiki/Think_and_Grow_Rich
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As a Man Thinketh By James Allen Law Of Attraction -
"The thoughtless, the ignorant, and indolent, seeing only the apparent effects of things and not the things themselves, talk of law, of fortune, and chance. Seeing a man grow rich, they say, "How lucky is!" Observing another become intellectual they exclaim, "How highly favored he is!" And noting the saintly character and wide influence of another, they remark, "How chance aids him at every turn!"

They don't see the trials and failures and the struggles which these men have voluntarily encountered in order to gain their experience; have no knowledge of the sacrifices they have made, of the undaunted efforts they have put forth, of the faith they have exercised, that they might overcome the apparently insurmountable, and realize the vision of their heart.

They do not know the darkness and the heart aches; they only see the light and the Joy, and they call it "luck"; do not see the longing arduous journey, but only behold the pleasant goal, and call it "good fortune"; do not understand the process, but only perceive the result, and call it "chance".” "The circumstances which a man encounters with suffering are the result of his own mental inharmony".

http://callietimothy.com/
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