Avoiding tax and creating Rip Off Britain?

#RipOffBritain #IanCalvert #SA #ServiceAddress

The amazing thing that is called bureaucracy seems to grow from day-to-day, yet is this good or bad – a help or a hindrance?

Whilst it can be a good to help define and control things, it can also be a factor in holding back progress and growth too…..

With today (Wednesday 19th March 2014) being Budget Day here in the UK, another day where we will have:-

  • the Government shouting from the roof tops about how well their Fiscal measures are doing
  • the Opposition shouting how they would do things better
  • Advisory/Accounting companies proving how valuable they are by coming out with data that does really mean anything for the ordinary person in the street – justifying their own existence and important
  • Financial experts giving their opinions as to how this will impact, what they should have done and how they would have done things
  • oh and then the Press trying to put their spin on things based on a) their Political objective and b) justifying how great they are and why you should listen, watch or read them….

We will have promises of these savings – few of which will impact us straight away – and investment; all have which will put more money in our pocket or help us to feel better by the thought of possibly buying our own house or how company improving by been able to do more by investing and extra sales generation.

But does this matter?

Back to the old “yes” and “no” question….

Yes – because we want a job, more security over employment and better wages. The ability to save not just for now about our future with our pensions. Opportunities to allow us by saving to hopefully buy our own house and start securing our future….

No – well this is the real big one…

Whether the Budget is good or bad, the only people who actually do well out of any Budget is the advisors, experts and Accountancy companies/firms who are advisory companies and individuals on telling the Government, companies and individuals; what to do with regards to reducing liabilities – or as many consider to be called Tax Avoidance or Tax Evasion.

Looking at information taken from The Inland Revenue site showing Income Tax rates and Allowances it could be said that based on the figures for 2013-2014, the tax is:-

– less that £32,010, you will pay 20% tax on everything you earn

– earn over £32,010 then you pay 40% on everything you earn over £32,011

Confused? You should be as where is the 10 pence tax band they keep talking about in the medium that is called an informative Press? Some say that it is in place and others say it isn’t and others say:-

– earn over £32,010 then you pay, 10% to £2,790, 20% on £2,791 to £32,010 and then 40% on everything over £32,011

How can the ordinary person in the street, wanting to earn a fair wage and pay fair taxes. But the one thing that is totally in common, speak anyone for advice or information, they just say, speak to a bookkeeper, accountant or an accountancy company/firm and they will be able to help. Are these the same people who said this when George Osborne asked for help in reducing the complicated structure of tax – yes! Guess what, effectively, they said they couldn’t simplify it!

#GeorgeOsborne #Telegraph #SA #ServiceAddress #Budget #TaxMP’s shed doubt on George Osborne’s tax-avoidance blitz

TREASURY SELECT COMMITTEE SAYS TREASURY CALCULATIONS OF POTENTIAL INCOME ARE “INHERENTLY EXTREMELY UNCERTAIN”

 

So surely, does The Chancellor of the Exchequer have the BALLS (excuse the pun Ed Balls) to stand up to these mandarins in the Treasury, HMRC and especially the big accountancy firms and say, right, all allowances are now axed and we are going to have a simple taxation system that applies to everyone, whether they earn £5,ooo, £50,000 or £500,000 – it is a complete level playing field!!

Why should high-earners be allowed to offset things to reduce their tax, set up companies and be paid by them at a lower rate or pay into schemes that allow more off-setting against tax payments? Can it be right that they high-earners pay less as a percentage pence in the pound as a lower earner?

Would a simpler answer be to say do something like this:-

  • £0,000 to £5,000 = 0% Tax
  • £5,001 to £10,000 = 5% Tax
  • £10,001 to £20,000 = 10% Tax
  • £20,001 to £30,000 = 15% Tax
  • £30,001 to £40,000 = 20% Tax
  • £40,001 to £60,000 = 30% Tax
  • £60,001 to £80,000 = 35% Tax
  • £80,001 to £100,000 = 40% Tax
  • £100,001 to £125,000 = 45% Tax
  • £125,001 to £175,000 = 50% Tax
  • £175,001 to £250,000 = 60% Tax
  • £2500,001 to £500,000 = 70% Tax
  • £500,000 plus = 80% Tax

Wow – what a shocker – people would all be in the same position of:-

  • Not just having to pay tax but no way avoiding it
  • Living with in your means, so you have to be like every person
  • Create a situation where when you want a mortgage, then everyone has a mortgage based a simple philosophy of say, every one can have a mortgage but it is based on no more than say 5 or 7 times your gross salary and this can’t be fixed or falsified
  • No methods of off setting items to reduce your tax
  • No methods of setting yourself up as a company to pay yourself in share dividends to avoid tax

But wait, the shock horror, two major issues will stand out….

Issue One….Estate agents….

This industry will go mad as they will actually see house prices been priced correctly and not driven up by false demand!

Housebuyers gazumped in deals with NO rival bidders: Unscrupulous estate agents are persuading sellers to raise prices days before exchange of contracts

  • ‘Ghost gazumping’ sees sellers increase house price days before exchange
  • Some paying additional six-figure sums to avoid finding another property
  • Comes amid fears of a property bubble – which some say was fuelled by Government’s Help to Buy scheme

Read more: http://www.dailymail.co.uk/news/article-2582323/Housebuyers-gazumped-deals-NO-rival-bidders-Unscrupulous-estate-agents-persuading-sellers-raise-prices-days-exchange-contracts.html#ixzz2wPKmU0rm

No wonder people are finding it hard to buy houses if this is happening! Also, with many people leaving Estate Agents and setting up on their own, these people will want to make a living, so they all will be promising Sellers and Landlords better returns so this will keep driving up prices and rents…

Issue Two….Bookkeepers, Accountants, Accountancy Companies & Firms….

Why are they needed? Do we need so many and charging so much? If someone wants to start a business and be a Limited Company, straight away, this could add £1,000, £2,000 or more to their operating costs just to do end of year returns depending on their size! And that is without monthly accounts, payroll etc…

The whole concept of introducing ways to off set items against your tax has so spiraled out control, that like the article mentioned above, even this industry can’t work out a way to simplify it! So, by removing all these off sets and allowances, it will make everything so much easier for everyone to be on the same level playing field!

Just think how much more tax would be generated and thus paid into the economy thus making things so much better for everyone…

So, Mr. Osborne and fellow Politicians, isn’t time you actually stood up and start listening to the country and actually create a level playing field that will help so many to raise up and be able to say we aren’t being ripped off by companies, goods and services are at a fair price and hopefully we could lose the tagline of “Rip Off Britain” ?

These are just a few thoughts for you and you most likely will have a view even for or against and if you feel you need to comment or voice an opinion, either contact myself here or complete the form below:-

The images contained within this article here were taken via a word or terminology search on www.google.com and images found via the images tab

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Hey Chancellor – Controversial for you but maybe what the Public wants?

Are you really wanting us to believe you?

#Politicians #Lies #Truth #Honest

Seriously can we trust you?

With less than 48 hours to go (Wednesday 19th March 2014) until our next Budget, yesterday we saw on The Marr Show (Sunday 16th March 2014), the presenter – Andrew Marr – being all over the place with his interviewing, The Shadow Chancellor of the ExchequerEd Balls – talking lots of wonderful stories including spending the same money over and over again different projects and The Chancellor of the Exchequer – George Osborne – not really telling us much but dropping hints that are what we need plus having to take action due to what was inherited…

The weakness of allowing Politicians to get away with so much on television, is just so demoralising to so many of the voting Public and hence they are losing interest in voting. The Politicians that are being really being backed by the Public are the ones who actually speak and stick to their guns! The downside is that you don’t see them in either the Cabinet or Shadow Cabinet as they stick to their principles unless they are just after high office….

So many Politicians enter all full of good intentions but soon get their wings either clipped or get overcome by advisors or donors….just look at many of the MP’s or even your own! How often did they say this or that, promise something, then next thing they change their tune or never speak to you or visit you again unless it is Election time?

These Politicians are all full of good intention (no better place to see this than when in Opposition) yet as soon as they have the power – nothing really happens at all…..

Take Income Tax for example, each and every time there is an election, all parties say they will cut tax, introduce higher rates and then when elected it all changes with more allowances brought in to help cushion the tax issues, help some pay less tax, put taxes up at high rate and then only find it wasn’t a good deal, so change it back again…..

Another example is saying they are going to change Government, cut bureaucracy and get rid of advisors, but guess what, they hire advisors to study this, reorganise and replace groups with new groups and committees and all done after paying lobbyists and advisors lots of money….is this saving money? NO…….

So, we could vote with our feet and choose not to vote, but what will that achieve? Not a lot as it! Will it help things to change? No, things will remain the same due to the hardcore of voters actually voting like they always do, so change will not really happen…

If the Government was run like a business, so much money could be saved, so much could be done to advance the UK and so many groups, committees and individuals would be removed saving the Country lots of money…

OK – yes, maybe the top jobs need top people, but do we need to pay so much money? Why do Heads of Schools, Colleges, Councils or Hospitals, Health Trusts etc, etc be paid so much more than the Prime Minister?

What can really be done? Can anything? Just look what will happen come Post-Budget…..

  • The Papers and Media will slaughter parts, most of or all of the Budget
  • Ed Balls will say George Osborne didn’t do this, they would have done this yet no evidence provided or nothing will be costed
  • George Osborne will say that this is needed to rectify the debt the Coalition inherited when they took over from Labour
  • The Public will be moaning or cheering but in most parts it will be the former…..

So, here’s a thought or two Mr Osborne…….

  • Firstly scrap all the allowances….
  • Remove all the tax breaks available…….
  • Stop people being able to class themselves as a company so they employer can pay them through a company to reduce the tax they pay..
  • If people are a company, make sure they pay the proper tax, not find out ways to pay less – i.e. if your company can pay you £60,000 a year – then you should pay the same tax as someone you actually earns £60,000 a year. There is no difference….
  • Stand up and do these – not be told by advisors, accountancy companies etc etc that you can’t do this – yes you can….

If this was done and then another Budget done in say September or October with an update, the Public would actually start trusting MP’s so much more as they would see that everyone is being treated the same….

Just a few and no doubt controversial points for you to consider and discuss……let’s see what people will say……….

These are just a few thoughts for you and you most likely will have a view even for or against and if you feel you need to comment or voice an opinion, either contact myself here or complete the form below:-

The images contained within this article here were taken via a word or terminology search on www.google.com and images found via the images tab

So why deliver words which turn out to be hollow and how do you survive in business behaving that way?

One thing that I have come across more and more frequently lately is hollow words…..

Now hollow words is something that you expect from Councillors and Politicians as this is something they seem to relish in especially more after being elected as well as maybe television, film and music celebrities as it seems to be very much in their genes, yet it is becoming more and more prevalent into today’s business marketplace and environment.

With Social Media becoming more and more part of our lives and how it can detail every part of our life, make sure you really put yourself in the  limelight so you don’t seem to swap and change like there is no tomorrow.

Time to be a success does indeed take time  – whilst some ideas or personalities can do this over night – so if you don’t tell a consistent message about what you do or provide, this can lead to doubt’s about your offerings and credibility. Whether via LinkedIn, Facebook, Twitter and now Google Plus being so open (even though you can restrict access this does not always work), plus people’s greed for success and money – it’s easy for you to be shot down by other’s or by yourself un-intentionally.

So, if you are going to do something, plan what you are going to do over say the next year’s and think this through like this:-

What I am wanting to do over the next three year’s?

– Where do I plan to be in three year’s time?

– What do I need to do over the next three year’s to achieve this?

– What have I  done over the last three year’s to help me achieve this?

– If the last three year’s mirror what you are doing over the next year’s (or similar) – make the message consistent

– If you have done several or many different things over these last three year’s – do they impact or explain what you are planning to do next?

Social Media and on-line information, provides a playground for people to search and research you, so, whilst people may query and question what your work or methods, would you not trust this person more because they have been consistent over the last three year’s with what they offer – over someone who has flitted from one idea to another over the same period?

Can a variety of roles prove to add credibility?  Of course it can, if the message and common theme is clear. Whilst my career may seem to have varied over the last 20 plus odd year’s, each aspect of what I have done and do, all interlinks. And, in times of trouble and hardship, I have still kept a consistent view and message. So yes, I may not be to your cup of tea but the message and offering is consistent and clear from myself and I am able to explain how thing’s all interact.

So, before listening to other’s and being quick to run people down, make sure you speak to that person and understand what they are trying to achieve and offer. If you have something on your mind or can’t understand what they do, have done and through to what they do now, ask them!

Is it not better to hear the truth from the horse’s mouth (so too speak?), so you can fully understand their plan and reasoning and thus help you to plan not only your future but whether this person can be helpful and influential with assisting over your journey over the next three year’s…..

So, never be afraid to ask about someone and see what the truth is instead of just listening to hearsay and gossip – be open transparent. A prime example of this is Nigel Botterill (of N5 Group which includes The Best of Group and The Entrepreneurs Circle ) who is very clear about not only his successes but his failures too plus Brad Burton of 4Networking is also very open about is up and down’s and struggles.

In a nutshell, be clear, be open and honest. You may not be everyone’s cup of tea or flavour of the month, but if your message is clear and very consistent, then your credibility will shine through and silence your doubters. As these people will not have the same as yourself, history which equals credibility.

Remember, what I said I earlier about on-line history? What happens grow’s on-line with yourself. So, if you are open and clear from day one and keep that message consistent, they you are proving a credible past to your future.

If someone bursts on the scene and all over sudden they story appears, does this provide you with credibility to trust this person? Think about it, would you hire, trust or employ someone without knowing their CV or history? Of course not, you what something you check and seek references from.

In essence, make yourself open, transparent and clear because if you don’t – aren’t your words just hollow and what your doubter’s and competition will use against you?

For more information on Ian Calvert and what his career has involved and the path’s it has taken, read his profile on LinkedIn and thus you will / may understand why his profile was one of the top 1% Worldwide of most viewed profiles on LinkedIn last year.