Dear HMRC 

As the sun rises on a new decade, let's try to achieve real tax simplification during the next 10 years. Here are a few ideas to help make tax understandable for the public:

Continung this series of Jargon Busting explanations, we turn to SPV which has been used for many years in the business world and also by HMRC VAT.

Becoming an Accounting Franchisee - Top Tips and Pitfalls

Franchising can be a very effective way to set up your new business. You get the benefit of an established brand and operation. Running a business on your own can be quite isolating and being part of something bigger with moral as well as technical support brings you the best of both worlds: independence with support.  

It was going to be Boris' first Budget today with, we hoped, a few sweeteners or at least the promise of a few. As we'll only know on Friday 13th December what party or coalition will deliver the next Budget, what can you still rely on when trying to be tax efficient? As I see it, these are the enduring themes:

• Innovation is a good thing  
• Green incentives will continue
• Pension saving will still be encouraged (until your pension is 'big').
• Timing is (nearly) everything

How do these themes translate into the tax system for you?