The company have undergone a recent audit by Professional Passport, who gave their stamp of approval and referred to the firm as providing ‘compliant solutions combined with excellent customer service’. This follows on from their December 2007 HMRC compliance visit, which confirmed that Danbro utilises robust systems and ensured that their dispensation remained in force. Contractors that employ the services of Danbro can also rest assured that they are receiving the highest quality accounting and payroll solutions from a 100% compliant provider.
Recently umbrella service providers have had a number of warning shots across their bows from HMRC; non compliance is not acceptable and can result in providers and contractors facing increased tax demands. New legislation is expected towards the end of the year to further enforce HMRC’s drive for compliance in the market.
Danbro have opted to work with Professional Passport whose standards are fast becoming recognised as the mark of compliance by agencies and contractors. Crawford Temple, COO of Professional Passport commented “Non compliance of providers is now a real issue for the market. Only those providers who operate to the highest level will be approved and feature in our listings.”
He went on to say: “Every provider in the market today makes claims of compliance; what everyone knows is that this is not the case; the issue is how to differentiate between them. Danbro have met all of our required compliance and customer service levels within our audit and we are pleased to add them to our audited and approved provider listings.”
Following this independent assessment of compliance contractors and agencies can now confidently recommend Danbro safe in the knowledge that the solutions are compliant and supported by excellent levels of customer service.
2007 also saw Danbro ranked 30th in the Sunday Times Fast Track 100. Sponsored by Virgin Atlantic, the league table reflects the 100 fastest growing private companies in the UK.
Danbro has always ensured that clients know compliance is at the top of their agenda. Danbro is regulated by the Chartered Institute of Management Accountants (CIMA), and uses their supervision as an assurance of safe and compliant services.
Danbro managing partner Damian Broughton comments: “We are absolutely delighted to have received the recent awards and various thumbs up from professional regulating bodies. The Danbro outlook has always been proactive, with a focus on continuously working on service and compliant value for money services. It’s fantastic to have this recognised.”
For more information contact Danbro on 01253 600140 or visit www.danbro.co.uk
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( 4 / 4 )DANBRO, a fast growing nationwide accountancy company and provider of PAYE umbrella services to contractors, are disappointed in the recent controversial changes surrounding Google’s trade mark advertising policy. On the 5th May 2008 Google lifted the ban on a company buying the rights to use another’s trade mark to trigger its own advert and divert traffic from the search engine.
The changes bring the policy into line with that of the US and Canada. Companies in the UK and Ireland could previously ask Google not to let any other party sponsor its trademarks as key words. Now however, since the changes came in May, advertisers can bid for the right to display their advert when a trademark is used.
Danbro has commented on the policy change and its implication on professionalism, fair trading and trade discrimination: “There is a danger of the professional services market becoming inundated by unprofessional companies advertising alongside compliant company trademarks, creating the illusion of similar service standards being provided and using it to their advantage in exploiting the consumer. We will not be using these changes to advertise against our competitors in the umbrella service sector or accountancy sector. We hope that other umbrella companies and professional bodies are of the same opinion and will not undermine the concept of fair competition by using this policy change. As a professional accounting company we feel taking advantage of these new changes would be unprofessional.”
Danbro has pledged to support any action against Google’s changes. Danbro pride themselves on the provision of professional, compliant and ethical accounting solutions to contractors and freelancers.
Danbro are happy to receive your views on this policy.
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( 4.3 / 4 )Chancellor Alistair Darling has announced an increase in the personal allowance of £600 and an adjustment to the higher rate threshold (the total of the personal allowance and basic rate limit) as reported in the earlier article, ‘10% tax rate climb down’.
HMRC have issued guidance to employers advising them that they should not make any adjustments to employees’ tax code numbers and should continue to use the allowances and guidance published in May 2008. This means that employees will not see the impact of these changes yet.
HMRC have advised that they will be issuing details in the next few weeks of how and when the changes will be implemented. We will keep you informed of developments.
Internet Link:
HMRC guidance
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( 2.9 / 27 )It has been reported in the Daily Express that tax inspectors are searching social networking sites for potential tax evaders, who may be ‘advertising’ their wealth or assets which may lead HMRC to believe they have ‘hidden’ remuneration.
Taxpayers are being warned to be careful about what personal information they post on social networking websites as officials prepare to scour the likes of Facebook and Bebo for tax evaders. The article claims that HMRC's Irish counterpart has already started to browse social networking websites.
Internet Link:
The Daily Express website
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( 2.9 / 27 )We live in quite amazing times in the world of tax. Over a year ago, in Gordon Brown’s last Budget speech as Chancellor, the so-called ‘abolition’ of the 10% starting rate was announced. The government’s reason for this was, and still remains, the simplification of the tax system.
Of course, the 10% rate hasn’t been ‘abolished’, it merely does not apply to all forms of income anymore. The income it may still apply to, depending on your circumstances, is savings and dividend income but not pension, earned, property and other income.
It became clear that, if earnings were taxed at 20% basic rate and not the old 10% rate, there would be many losers – around 5 million of them, unfortunately most of them being the lowest earners in the country.
So, following extensive media coverage, and potentially faced with a back-bench revolt and the possibility that the Finance Bill would be compromised, the new Chancellor Alistair Darling has announced
an increase in the personal allowance of £600, from £5,435 to £6,035; and
a reduction in the basic rate limit of £1,200, from £36,000 to £34,800.
These changes mean that basic rate taxpayers will benefit by £120 per tax year whilst the position of higher rate taxpayers will be unchanged.
Provisional announcements indicate that the changes will not take effect for employees until September.
Internet Link:
BBC website
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