What Is the Difference Between Residence and Domicile?
by James Green on 06/03/10 at 11:16 am
One thing that can be clearly seen amid all the arguments over the status of Lord Ashcroft is that neither the press nor the politicians really understand the difference between someone being resident in the UK or being domiciled in the UK. It is rather painful to listen to the claim and counterclaim of so [...]
Full StorySmall Business Marketing – Building Relationships is the Key
Marketing for small business is different than marketing for national or international brands, which enjoy instant name recognition. By contrast, small business marketing relies heavily on word of mouth and on building and maintaining personal relationships.
This article isn’t about finding new customers, it is about hanging on to the ones you have and building your [...]
How To Make Someone Who Complains Into a Sales Asset
No one likes getting complaints from customers but the fact is that if you handle a complaint well you can make the complainer into an asset – someone who will praise your business.
OK, we all know that there are some people you can never please no matter what you do and there are some people [...]
Running Your Business – How to Present a Professional Image While Working From Home
In the current economic situation and with more people leaving regular employment and setting up as consultants, it has become much more acceptable to run your business from home.
Apart from anything else, running a new business from the spare bedroom removes a whole layer of cost and risk, and makes it a lot more likely [...]
Accountants Denied Privilege
When I trained as a tax accountant many years ago there was a clear understanding that my duty was to my client and whilst I should not collude in illegal tax evasion or financial irregularity I owed no duty to “rat” on clients to the authorities.
Indeed it was always accepted that anything told to me [...]
What Is Transfer Pricing?
“Transfer pricing” is an increasingly important and contentious area of international tax law. This is because so much of modern world trade involves the transfer of goods, intangibles or services within multinational enterprises (MNEs) – groups of companies or related businesses based in 2 or more countries.
Such international trade offers scope for an MNE to [...]
Political Double Dealing
On his 2008 Presidential campaign trail, Barack Obama made his hostility toward “offshore” jurisdictions very clear:
“There’s a building in the Cayman Islands that houses supposedly 12,000 U.S.-based corporations. That’s either the biggest building in the world or the biggest tax scam in the world, and we know which one it is.”
I know that building well; [...]
Taxman Faces Writs for VAT Errors
HM Revenue & Customs are facing a flood of legal claims that will blow another massive hole in the public finances.
In the past few weeks thousands of High Court claims have been lodges by companies and local councils relating to millions of pounds of interest wrongly charged by HMRC.
When HMRC makes a repayment to a [...]
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"Transfer pricing" is an increasingly important and contentious area of international tax law. This is because so much of modern world trade involves the transfer of goods, intangibles or serv... Full Story
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