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HMRC urges GC readers to watch new TV series
“The Business Inspector” highlights the need for good record keeping
HM Revenue & Customs is urging retailers to tune in to “The Business Inspector”, a new TV series sponsored by the Government department in a bid to raise awareness among small businesses of the need for good record keeping.
HMRC told GC: “We would like as many people as possible who read your magazine and website to watch the programme as this very much applies to small and medium businesses in your sector. The series will help them improve any mistakes they are likely to make and make very interesting watching, as the aim of the programme is also to help people turn their businesses around.”
The Business Inspector is a four-part series that will broadcast weekly on Five at 8pm from 17 March 2010. It is presented by Hilary Devey, a former C4 Secret Millionaire and chief executive and chairman of The Pall-Ex Group, which she built up into a multi-million pound business.
Devey will be seen with a number of struggling businesses, showing how improving business systems, such as keeping good records, managing cashflow and developing a marketing strategy, can help turn around their fortunes.
Stephen Banyard, Business Customer Unit Director at HMRC, said: “We know that most small businesses want to get their tax right. But we also know, too, that failure to take reasonable care costs the Exchequer over £6bn a year, with a major cause being poor record keeping. We hope this series will raise awareness of the need for good record keeping.
“We also want small businesses to realise the benefits to them of taking better care of their records and paperwork, such as improved cash flow.”
“Britain’s brimming with creativity,” commented Hilary Devey. “But a terrifying number of businesses go bust each year and this shouldn’t be happening. I am going to teach them how to improve their all round business knowledge and direction, cash flow, marketing strategy and in some cases even their enthusiasm. Invaluable lessons they will never forget.”
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