Are you tax aware?
The Government introduced various schemes that have supported some businesses and individuals through the COVID 19 pandemic. The big question on many people’s minds has been “How will this be paid back?”.
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Finance
Start-ups – what are your options for finance?
There is no doubt that raising finance for new start businesses can be the most challenging time to raise funding. It is also true that ‘insufficient investment and/or working capital finance’ is a key factor in many start-up failures.
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Landlords – are your books in order?
If you are a property landlord errors in your bookkeeping can make it very difficult to monitor your profits and keep track of expenses, as well as monitoring yields on investments.
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Is your property portfolio safe from tax?
Changes to Mortgage Interest Relief came into effect in 2020 a year on has much changed? Landlords have been limited to income tax relief at the basic rate of 20%. They have seen a large increase in their taxable profits and a corresponding drop in ‘real’ profits.
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How can an Enterprise Management Incentive scheme benefit my business?
An Enterprise Management Incentive, or EMI, is a government‑backed, tax-advantageous employee share scheme. An EMI scheme offers significant tax incentives for employers and employees.
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Beware the elephant traps
Something I have been asked several times recently is when should directors seek advice from an insolvency practitioner. My answer is always “as soon as possible”!
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So, why should I purchase my own commercial premises?
A vast majority of business owners either trade from home or, if they do require offices or a factory, either prefer to rent their premises on commercial terms or don’t understand the benefits of property ownership.
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Getting your financial life in order
Getting saving early really can pay off. Think about it – if you’re money is invested or earning interest today, you’ve a better chance of that money growing over a longer period of time.
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What impact is the “new normal” going to have on procurement
Many of us are tired of the term ‘new normal’. We are used to, yet tired of social distancing, but deep down we know, nothing is ever going to be quite the same again.
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Are your employees benefiting from you?
Smaller employers are starting to join in and are looking into providing benefits to employees but can be concerned about the extra red tape, as well as the cost and administering of the benefit.
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What is the best way of taking money out of my business?
This article will explain the optimal salary for a personal and family company and how to use dividends to ensure tax efficiency.
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Domestic Reverse Charge – say what now?
In March 2021, the VAT position changed as far as certain construction services are concerned with the introduction of Domestic Reverse Charge (DRC). So what led to this momentous change?
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Making Tax Digital – unraveled!
If you are not yet filing your VAT returns under Making Tax Digital or are self employed or a landlord then you may be affected over the next couple of years.
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To be or not to be competitive
Used in the context of business, the word “competitive” takes on a different meaning to what you’d normally expect. When a business or a customer uses the word “competitive” they’re referring to low or cheap prices.
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What are the pros and cons of having investors?
Before talking about potential sources of finance, there is one thing that needs to be mentioned. This is to make sure that you have a proper, rock-solid business plan.
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My bank won’t finance my business – now what?
This would be a useful guide to read even before approaching your own bank for a request as they are not always the best option for you.
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The advantages of having your tax return filed early
While the new tax year may have only just begun, did you know you can file your self-assessment tax return any time after 6th April 2021?
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Are we heading for an economic cliff?
How prepared are you for when the COVID-19 related financial support and other interim measures fall away?
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Navigating your way around business insurance
The only sure-fire thing you can count on during the tumultuous beginning stages of your business or later in its development is the protection offered by commercial insurance.
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How a virtual financial director can boost your business growth
Running an SME is a full on roller coaster of a ride. As time ticks, you’re thrown in all sorts of directions and can even feel as though you’re in free fall going backwards sometimes.
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