Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
It’s widely accepted that if you can bring on a Finance Director to help you in business, you should. Having a viable idea for a business doesn’t necessarily mean you know how to run the books – and the analysis, insight and advice an FD can offer your venture will be invaluable.
Capital Gains: the good news/bad news tax. Good news … you’ve made money. Bad news … well, it’s a tax.
When you’re running a small business, it’s likely that at some point you’re going to have to deal with the fiddly issue of Value Added Tax (or VAT).
One of the more surprising announcements in the Chancellor’s Budget statement was changes to the way in which dividends are to be taxed from April 2016.
One of the best ways of keeping your business’s cash flow healthy is to ensure that you get paid quickly by your customers. But, unfortunately, this can also be one of the most difficult and frustrating things about running a micro-business.
The way we manage, control and access our money has fundamentally changed. Gone are the days of paper cheque books and cash-only payments; now we’re in a digital-first world where, essentially, money lives online.
The sale of a business is a process with a timeline.
As thousands of small firms small firms get nearer to the date when they must enrol for a workplace pension, how can founders cut through the pensions jargon to find the right auto enrolment platform for them?
Using the internet to harness the financial power of crowds is hardly novel. Almost since the first electronic impulse pinged its way across the world wide web, entrepreneurs have been dreaming up sites to facilitate everything from charitable donation to hard-nosed investment.
The Profit & Loss Account of a business (also known as the Income Statement) shows the revenue earned and the expenses incurred over a specified period of time. This trading account is where you will find the profit figure – and be able to determine the overall profitability of the business.
HMRC have put forward a proposal to amend the legislation related to people using service companies, otherwise known as IR35, in a new discussion document.
Small companies will be given the right to raise funds by borrowing against unpaid invoices from big business customers from early next year, Small Business Minister Anna Soubry has announced.
Auto-enrolment may already have started for many businesses, but you need to keep your eye on the ball to make sure you’re still complying with the complex rules, says Lee Maddock, Director at Millbank Financial Solutions…
Does your Year End threaten the sustainability of your business? Choosing the wrong Year End could mean disaster.
On a sale of a company it might reasonably be assumed that all the vendor shareholders are subject to the same tax treatment. They are not.
