tag:blogger.com,1999:blog-6214838.post3728423808807766171..comments2024-03-04T17:54:32.559+00:00Comments on Iain Dale's Diary: How to Damage Small Businesses in two Easy LessonsIain Dalehttp://www.blogger.com/profile/03270146219458384372noreply@blogger.comBlogger78125tag:blogger.com,1999:blog-6214838.post-53752309155556213402007-03-24T12:02:00.000+00:002007-03-24T12:02:00.000+00:00My earlier post suggested vat.This should read 'va...My earlier post suggested vat.<BR/><BR/>This should read 'vast'.<BR/><BR/>Small business rate relief is a disaster.<BR/><BR/>It is calculated using a 'landlords' rent value. It has nothing to do with how 'small' the business is.<BR/><BR/>A small business making £1M profit may gain the full 50% relief.<BR/><BR/>A small business making a loss may pay the full rate with no relief.<BR/><BR/>It depends on how much the space is worth.<BR/><BR/>A terrible idea for socialists.<BR/><BR/>GaryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-31857625501100876312007-03-23T15:29:00.000+00:002007-03-23T15:29:00.000+00:00Salutations Brothr hard at WorkSalutations Brothr hard at WorkNewmaniahttps://www.blogger.com/profile/11922161971821380803noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-61597800180471013282007-03-23T14:55:00.000+00:002007-03-23T14:55:00.000+00:00Newmania said... I am a small ins broker and have ...Newmania said... <BR/><BR/>I am a small ins broker and have exactly same gripe as you. <BR/>It doesn't help with the big players in our industry sucking up to the FSA to curry favour and lock out the small players. <BR/>I can't believe the amount of money I have had to pay to them before even starting trading. <BR/><BR/>I hate the way the FSA has this patronising "There's nothing to worry about...we're only trying to help you" malarkey" when the underlying Act is riddled with dangerous ambiguities.<BR/><BR/>"Toryboys Never Grow Up", what you said is uninformed. None of my clients are little old ladies who need protection - only corporate clients not in the UK. Why do they need same protection as little old ladies. Why do little old ladies have to suffer vastly reduced competition. <BR/>The FSA is widely despised in the industry - including from the clients' perspective who now have to jump through a series of hoops.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-22181330376981014742007-03-23T12:09:00.000+00:002007-03-23T12:09:00.000+00:00[clever clogs][maths]My guess is that you would ha...[clever clogs]<BR/><BR/>[maths]My guess is that you would have "enjoyed" an increase of 16% even if you had had no 50% relief.<BR/><BR/>[charity law]If only ID industries were registered as a charity - as for example Policy Exchange - you would enjoy a statutory 80% charity relief on top of your 50% small business rate, meaning only 10% to pay, and your local authority would also be empowered to give you back the other 10% if and only if (IFF) they could finance this from elsewhere in their budget[/maths][charity law]<BR/><BR/>[note]Second comment is maths and charity law[/note]<BR/><BR/>[/clever clogs]<BR/><BR/>96 hours and counting ...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-14820115540918707812007-03-23T09:41:00.000+00:002007-03-23T09:41:00.000+00:00The anomoly is that if your small business makes a...The anomoly is that if your small business makes a vat profit of ten quid for the year, you may get not small business rates relief at all.<BR/><BR/>If your small business (next door) makes a £Million quid profit for the year, it is possible to get the full 50% small business rates relief.<BR/><BR/>This is an utter scandal.<BR/><BR/>GaryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-29006807164576721612007-03-23T08:42:00.000+00:002007-03-23T08:42:00.000+00:00the only difference is that I did it overseas whil...<I>the only difference is that I did it overseas while working for a major company</I><BR/><BR/>I climbed Mt Everest, the only difference being it was Glastonbury Tor.<BR/><BR/>ToryboyNGU, if you read my post you will see that I said the employer <B><I>first</I></B> pays what the employee pays. <BR/><BR/>The fact is, people work for nett. The employer hires at gross.<BR/><BR/>Do you support flat taxes?<BR/><BR/>I support flat taxes and a fat personal allowance. Lets say £12k for starters and 30% or so rate initially, lowering to 20% across the board once the revenues come flooding in. Oh, and for small companies, allowing founders to accumulate unused tax allowances during the lean startup years might help.Roger Thornhillhttps://www.blogger.com/profile/01153744692290896812noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-92079622366600406912007-03-23T07:53:00.000+00:002007-03-23T07:53:00.000+00:00The trick is to treat Britain as you would Indones...The trick is to treat Britain as you would Indonesia and match risk and funding. So you have a profitable operation abroad and leverage the UK operation to the max with local-sourced debt and make much of it non-recourse.<BR/><BR/>Then have liabilities in the UK and unleveraged profit streams offshore<BR/><BR/>The same with housing - die with outstanding mortgage to reduce IHT or be a City banker and buy a farm to avoid IHTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-90218589541225727952007-03-23T07:48:00.000+00:002007-03-23T07:48:00.000+00:00business rates are set centrally.a Thatcher legacy...<I>business rates are set centrally.</I><BR/><BR/>a Thatcher legacy which has killed any attempts to regenerate inner cities. Bradford has a shortage of storage space for shops and market stalls because the business rates make it prohibitively expensive<BR/><BR/>Charity shops dominate because they get free goods, discounted business rates, and volunteer staff - they expand rapidly<BR/><BR/>Bradford is barren compared to the 1970s and local shops have been destroyed - Business Rates set centrally had a big effectAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-88791841112928343782007-03-23T03:48:00.000+00:002007-03-23T03:48:00.000+00:00Still no apology Iain?Still no apology Iain?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-25777111428523624882007-03-23T02:48:00.000+00:002007-03-23T02:48:00.000+00:00The investment bank analysis on the budget do not ...The investment bank analysis on the budget do not gel with Browns explanation. His performance on radio 4 yeasterday will do him severe harm. He claims certain measures meant X and Humphreys claimed they meant Y. The independent analysis ALL confirm the outcome is indeed Y.<BR/><BR/>he didnt appear at the debate because he was in ameeting about Northern Ireland and the performance of Alan Johnson and Straw was defensive, spiteful and as ever full of blatant lies. The reaction of NuLab MP's is the most interesting of all. ive have yet to hear one MP back the budget and its implications with any sensible argument. Most are simply resorting to cherry picking changes and ignoring the offsetting measures; Keith Vaz, pompous prat, said it was the best budget he had seen in 20 years, enough said.<BR/><BR/>Brown leaves the Treasury in a poor state. the growth forecasts are too high, the revenue projections too high and borrowing forecasts too low. <BR/><BR/>It will come as no surpris eto anyone that a Labour minister is being economical with the truth, putting the country at risk, misleading the public and all for personal benefit.<BR/><BR/>Brown will not become PM because the other potential candidates will realise the futility of "more of the same". If he is not challenged then it means the party accepts defeat at the next GE as highly likely.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-77615658008405955072007-03-23T00:50:00.000+00:002007-03-23T00:50:00.000+00:00Newmania said... what do you think should be done ...Newmania said... <BR/>what do you think should be done about it?? <BR/><BR/><BR/>Shut it down. People will have to be careful but at least they will know. The benefits on the other hand are huge.The answer is not " What do you, the state ,do " .The answer is what do you stop mucking up.<BR/><BR/>Perfection is not attainable , it would be an improvement. <BR/><BR/>You've been down the pub, haven't you? :)<BR/><BR/>Auntie Flo'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-86866997846165266592007-03-23T00:29:00.000+00:002007-03-23T00:29:00.000+00:00what do you think should be done about it?? Shut i...what do you think should be done about it?? <BR/><BR/><BR/>Shut it down. People will have to be careful but at least they will know. The benefits on the other hand are huge.The answer is not " What do you, the state ,do " .The answer is what do you stop mucking up.<BR/><BR/>Perfection is not attainable , it would be an improvement.Newmaniahttps://www.blogger.com/profile/11922161971821380803noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-66080108334543492552007-03-23T00:16:00.000+00:002007-03-23T00:16:00.000+00:00IainPlease dont worry about being called an econom...Iain<BR/>Please dont worry about being called an economic simpleton.<BR/><BR/>NOBODY UNDERSTANDS ECONOMICS<BR/><BR/>What I mean is 'possitive' wealth creation is just so complicated that econemists never mind ignorent politicians should NOT even try to understand it, never mind say they do.<BR/><BR/>Do you or anyone else really think that if Gordon Brown ever even understood a book as basic as The Wealth of Nations, he would suddenly throw 40 odd years of socialist doctrin in the recycling skip?<BR/><BR/>All he would do is use the undeniable power of capitalism for authoratarian socialist ends.<BR/><BR/>Which, with as much help from the BBC and the media as possible, is precisely what he has done.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-56842904051294809602007-03-23T00:01:00.000+00:002007-03-23T00:01:00.000+00:00Cheer up Iain! watch Gordon eating his own bogies,...Cheer up Iain! watch Gordon eating his own bogies, live on PMQ's. It's disgusting!Wrinkled Weaselhttps://www.blogger.com/profile/05291551539649118631noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-75587975757985928362007-03-22T23:58:00.000+00:002007-03-22T23:58:00.000+00:00Gordon Brown eats his snot, live on TV!http://sjho...Gordon Brown eats his snot, live on TV!<BR/><BR/>http://sjhoward.co.uk/archive/2007/03/22/gordon-brown-eats-his-greens-from-his-noseAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-12948912222019595372007-03-22T23:42:00.000+00:002007-03-22T23:42:00.000+00:00We have a joke in our industry.How do you get to r...We have a joke in our industry.<BR/><BR/>How do you get to run a small business?<BR/><BR/>Answer: You buy a big one and wait a few years. <BR/><BR/>As for starting a business yourself. Only a criminal or the criminaly insane would even try it these days.<BR/><BR/>Whats the point of starting if you cant employ anyone to take the physical and mental strain off your back, so you can grow in the future?<BR/><BR/>Answer: none at all, except small marginal tax reasons, if any exsist.<BR/><BR/>The modest rise in incorporation that Gordon Brown likes to talk about is another government lie. He only quotes a period where he made a radical tax change making accountants encourage the self employed to become limited companies.<BR/><BR/>A few years later he changed the rules again, because to many small businesses took up the offer.<BR/><BR/>As a very small but truly profitable British manufactuer, I would like to say I am in good company. However its a very lonely possition to be in.<BR/><BR/>My company has only grown to its large turnover by staying as small as humanly possible, only employing family, useing sub contractors and living off the bones of other rapidly dieing companies.<BR/><BR/>My company ship is now so tight it could stay afloat during a full nuclear attack. <BR/><BR/>However my will to live may not survive working for Gordon Brown much longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-7351058344984811892007-03-22T23:35:00.000+00:002007-03-22T23:35:00.000+00:00I'm sorry but I just can't take Brown seriously an...I'm sorry but I just can't take Brown seriously any more after watching this on Guido:<BR/><BR/>http://www.guynews.tv/2007/03/bogey-man-cometh.html<BR/><BR/>If I caught my kids doing that they'd get no pocket money for a week.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-33620542355886777702007-03-22T23:34:00.000+00:002007-03-22T23:34:00.000+00:00Mindless bigot, oh do enlighten us... you are so v...Mindless bigot, oh do enlighten us... you are so very clearly wiser than any of us.Iain Dalehttps://www.blogger.com/profile/03270146219458384372noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-75773949395797828472007-03-22T23:32:00.000+00:002007-03-22T23:32:00.000+00:00Iain, I'm completely anti Brown but you are just a...Iain, I'm completely anti Brown but you are just an economic simpleton.Anonymoushttps://www.blogger.com/profile/03292790723993928866noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-77637574291008585392007-03-22T23:11:00.000+00:002007-03-22T23:11:00.000+00:00Anonymous said... why should small businesses pay ...Anonymous said... <BR/>why should small businesses pay a lower rate of tax than individuals pay in income tax? <BR/><BR/>gosh, you tories never learn do you? <BR/><BR/>Fat cat Broon stuffs over £200,000 of our taxes into his own burgeoning coffers every year.<BR/><BR/>Having robbed all pensioners blind, he gets a, self awarded, golden, tax free pension pot. He also gets priviledged retirement terms. The rest of us will have to work til we drop to pay for the elitist retirements of Broon and his kind.<BR/><BR/>Where's the social justice, fairness and equality that Broon constantly crows about in that?<BR/><BR/>left wingers, you never learn, do you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-62952408515330515322007-03-22T23:10:00.000+00:002007-03-22T23:10:00.000+00:00Auntie Flo'I should have recognised your style. R...Auntie Flo'<BR/><BR/>I should have recognised your style. Remind me a little nearer the time for an invite to the premier/launch/first night! <BR/><BR/>And don't forget - it's 99 red balloons you have to put out....<BR/><BR/>Scroblene:<BR/><BR/>Calm down...deep breaths...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-63363064605416381962007-03-22T22:13:00.000+00:002007-03-22T22:13:00.000+00:00Newmania @ 7.31 put it all in a nutshell re FSA, I...Newmania @ 7.31 put it all in a nutshell re FSA, I can confirm all he says.<BR/><BR/>Point is, all this bloody financial, taxation and employment legislation is all dreamt up by people who've absolutely no experience of business, and see the whole of commercial life as an episode from a Social Services training video.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6214838.post-80348832702382314862007-03-22T21:21:00.000+00:002007-03-22T21:21:00.000+00:00I don't mind the tax "equalisation" measures for (...I don't mind the tax "equalisation" measures for (very) small businesses too much - Tory Boys NGU has a pretty sound point there. What gets me is the constant tinkering that GB does. Every year my corpotration tax calculations change; tax free bands, non corporate distributions, cancellation of non corporate distributions, cancellation of tax freee bands, changge of corporation tax rates. And of course the ever-present chopping and changing of capital allowances. For god's sake Mr Brown, MAKE YOUR BLOODY MIND UP how you want to tax us small businesses and stick with it.<BR/><BR/>The really big problem with growing small businesses is not the tax situation, it is the personnel management that the government (inspired by that "nice" Mr Brown) has dumped on us. As soon as you employ someone, the mountain of legislation that you have to abide by is horrendous. If all the gender eqality stuff wasn't bad enough, we have now to abide by pointless age equality legislation. Why should a company of less than say 20 people be subject to ythis nonsense? As it is, the second person you have to employ when you grow your business is a Personnel Manager.towcestarianhttps://www.blogger.com/profile/15092802492560172339noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-1811826800450721432007-03-22T21:20:00.000+00:002007-03-22T21:20:00.000+00:00I don't mind the tax "equalisation" measures for (...I don't mind the tax "equalisation" measures for (very) small businesses too much - Tory Boys NGU has a pretty sound point there. What gets me is the constant tinkering that GB does. Every year my corpotration tax calculations change; tax free bands, non corporate distributions, cancellation of non corporate distributions, cancellation of tax freee bands, changge of corporation tax rates. And of course the ever-present chopping and changing of capital allowances. For god's sake Mr Brown, MAKE YOUR BLOODY MIND UP how you want to tax us small businesses and stick with it.<BR/><BR/>The really big problem with growing small businesses is not the tax situation, it is the personnel management that the government (inspired by that "nice" Mr Brown) has dumped on us. As soon as you employ someone, the mountain of legislation that you have to abide by is horrendous. If all the gender eqality stuff wasn't bad enough, we have now to abide by pointless age equality legislation. Why should a company of less than say 20 people be subject to ythis nonsense? As it is, the second person you have to employ when you grow your business is a Personnel Manager.towcestarianhttps://www.blogger.com/profile/15092802492560172339noreply@blogger.comtag:blogger.com,1999:blog-6214838.post-1964067284214737162007-03-22T21:08:00.000+00:002007-03-22T21:08:00.000+00:00Marquee Mark said... anon 7.06I have every intenti...Marquee Mark said... <BR/>anon 7.06<BR/><BR/>I have every intention of stealing your wonderful expression "press your doom button". I would love to have paid some royalties for said expression...ha,ha<BR/><BR/>Have it with my blessing, narky Mark, if your use of it helps hasten Broon's doomsday by one second I'll put up ballons. I wasn't hiding behind 'anon', by the way, just forgot to sign my blog name.<BR/><BR/>Auntie Flo'Anonymousnoreply@blogger.com