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When I first
became Chairman of Women Into Business (WIB) I started to look at the
number of women's clubs that were in existence. I stopped when I reached
400 in just the London area !! It seemed to me to be a complete duplication
of everything and many of the problems connected with clubs, i.e. memberships
and in particular membership fees and getting fully attended conference
were the same for all and many of the issues we were trying to address
were the same. When I looked at trying to amalgamate all the clubs it
became very clear that people were very protective of their clubs and
thought I was just trying to steal their members - as if!!
So, back
to the drawing board. As Women Into Business is mainly a lobbying group
working with an all party group of MP's interested in business and women's
issues it seemed to be sensible to ask the other clubs to become affiliated
to WIB, thus keeping their own identity and members but becoming part
of a really strong lobbying group where business women could really make
a difference. I also felt that the WIB Conference would be a fantastic
opportunity to network with people from other industries and businesses.
The first
year we tried this only three groups became affiliated, the British Association
of Women Entrepreneurs (well they would wouldn't they being entrepreneurs!)
the BFWIP and Women in Dentistry. Slowly more clubs have joined us and
the conference before last where the issue on IR35 was raised by Pam Edwards
and became our 'cause' as it particularly effected women as they tended
to use 'outsourcing' and consultants more became our project, we linked
up with the 'boys' and have seen it put to the back burner. This years
conference brought another one out of the woodwork, (S660) again brought
to our attention by Pam Edwards. - Well done Pam we'll take up the cudgels!
This year's
conference, however, filled me with joy. I think, at last, the message
is getting through. We had representatives from clubs in the Midlands,
Scotland, Ireland and Wales. A huge response from people who had not only
enjoyed the speakers but been able to network to their hearts content
and made some very good business contacts and also seen the power and
benefit that working together can bring.
Everywoman
has joined us and said that they will put all the conference and club
details from the different clubs onto their website. I strongly suggest
you take a look at their website for further information on all different
things to help women into business www.everywoman.com and I STRONGLY advice
you to come to our conference next year because it is going to become
bigger and better than ever. We are looking at making it later next year
to give us more time to liaise with the other clubs for more involvement
from them.
Don't forget
to look out for the proposal form for the WIB awards 2004. This is the
chance to nominate the club member you think has been the most successful
during the year, remember there are different catagories so everyone will
have a chance.
On a personal
note, thank you most sincerely for the kind words sent on e-mails and
the numerous telephone calls I received after the conference. It meant
a great deal to me and made me feel my dream of filling the Albert Hall
with business women is now becoming a reality
Settlements
legislation - Income and Corporation Taxes Act Section 660A and following
sections
Women into
Business delegates were again the first to discover another taxation trap
when Pamela Edwards (ACMA), Council Member for the British Association
of Women Entrepreneurs raised the issue of S660A with the Parliamentary
all Party Small Business representatives in forum at the Conference.
S660 is not
the most gripping of headlines but one which every small family business
should understand as in a number of recent cases the Revenue has sought
to re-characterise a wife's dividend income from a small limited company
as that of her husband, under Section 660A ICTA 1988.
Because this
is a new application of Revenue policy (without benefit of tax bulletins
or press releases) small business owners and their advisors may be unaware
of the potentially large tax bills they may be exposed to as a possible
result of back dating over several years, and accusations of tax avoidance.
It is legally unprecedented and there must be doubt as to whether the
Courts would support this approach.
The policy
will be seen as an attack on a woman's right to own assets and receive
income independently from her husband, and as a retreat from independent
taxation.
The Revenue
believe this approach is justified despite the concern of the Federation
of Small Businesses, the Professional Contractors Group (www. www.pcg.org.uk)
and the British Association of Women Entrepreneurs (www.bawe-uk.org) who
are in consultation with the Revenue. Any business owner concerned about
their tax position is advised to consult their professional advisor or
the author Pamela Edwards (ACMA), at PEdwards99@aol.com.
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