Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
The more one learns about investing for retirement, the more questions one seems to have. One issue which has vexed Britons for ages, and which gained new potency during the snap general election campaign earlier this spring, is the U.K. state pension ‘triple lock.’ Here’s what you need to know about the triple lock’s status […]
If your business needs new equipment, should you buy it or lease it?
A SIPP is a self invested personal pension scheme, and involves you investing money into an area of your choosing with the aim of making a steady profit over time.
More than half of investors looking to buy shares over the next 12 months admit to preferring well-known UK brands such as supermarkets and banks, according to a new study.
Changes to the flat rate system of paying value added tax (VAT) that come into effect from 1 April are already confusing businesses of all types and sizes,
All business owners want to see a return on investment. However, they also want to be sure their accounts reflect both their income and expenses.
“A journey of a thousand miles starts with a single step”, as the philosopher Lao Tzu said. But that first step is also one of the hardest to make, because we have to overcome our inertia. Perhaps this explains why over 90 per cent of SMEs get business loans from the bank where they hold their current accounts, and don’t look around for better deals.
Over the past two decades, the face of trading has changed quite drastically. With Forex brokers readily available and accessible online, amateurs from around the world are able to trade with the best of them. It does not have to be a full time occupation to make you a good income.
There are sophisticated reasons for the failure of every business, but it ultimately (with some rare and notable exceptions) boils down to one thing: running out of money.
Recent reports suggest that the payday loan industry could soon get a big overhaul. As we know that the industry is full of lenders who lend short term loans and charge hefty interest rates just to keep borrowers falling deeper into an endless cycle of vicious debt.
In order to pre-empt the changes to the taxation treatment of winding up a company that were introduced in the 2016 Finance Bill, Q1 2016 saw a spike in the number of entrepreneurs voluntarily liquidating their businesses with the intention of later setting up a similar company.
Turn on the news and you’re likely to hear a story about Brexit or the volatility of global markets.
Following the EU referendum result accountants have confirmed that once the separation process is complete, UK businesses will no longer have to comply with the EU VAT regime.
David Brookes, tax partner at accountancy and business advisory firm BDO LLP, looks at the tax implications that leaving the EU has on UK businesses.
If a business is seeking funding – perhaps, for example, it’s appropriate for new or existing management to acquire the business, or perhaps some existing shareholder(s) want to exit – private equity funding should be considered.
