With the first conservative budget to be announced tomorrow, expectations of longer Sunday trading hours and increased inheritance tax are being rumoured. But what can small business owners expect, and what would be ideal for them?
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Micro businesses failing to bill £11.3 billion a year
Micro-businesses are potentially in danger of becoming undervalued and underpaid as new research shows that nearly two in three micro business owners do not track or record any of their time.
Preparing for a VAT inspection
In days gone by, a popular tactic for dealing with a VAT inspection was to make it as uncomfortable for the inspector as possible, hoping that they would get fed up and leave before finding anything wrong.
Grant Thornton makes £22m tech investment in Geniac
Geniac, the UK start up taking the headache out of fast growth for small businesses, has announced investment of up to £22m from business advisors, Grant Thornton UK LLP.
Businesses to lose out as HMRC changes rules on VAT refund
After HM Revenue & Customs (HMRC) announced sudden changes to the recovery of input VAT incurred prior to registration, Leicester-based chartered accountants, Newby Castleman is urging businesses to be aware of the new rules now in operation and the implications they may have on their business.
3 routes to business grant funding that you need to know
There are a myriad sources of grant funding available for small businesses and start ups and as a business owner it can be confusing trying to pick your way through the different options to decide whether your business may qualify for support.
8 smart money habits to practice in your startup
Developing smart money habits early on in your business will ensure you have more than pennies to save as your business grows.
Keeping tax simple – declutter your business
As tax legislation gets more complex, and politicians clamber over each other to block alleged loopholes, mainly of their own making, businesses are increasingly looking to simplify their tax affairs.
Inheritance: A blessing or a curse?
Are ‘trust fund babies’ destined to become idle and demotivated, or just as successful as their grantors? Amelia Renkert-Thomas from family business specialist, Withers Consulting Group, explores the potential outcomes and how families can help beneficiaries to take the right path.
New call to review legacy pension policies
Much of the recent media attention surrounding pensions has centered around the income flexibility now available to retirees when accessing their pension pots from April this year. While this is great news for many, there have also been changes by the Government around pension death benefits.
Changes to Capital Gains Tax from 6th April – what do you need to do?
On 5th April 2015 the rules relating to Capital Gains Tax changed. These changes will affect you if you are currently non-UK resident and you own residential property in the UK.
Limited time left for businesses to utilise increased Annual Investment Allowance
There are only a few months left for businesses to take advantage of the increased Annual Investment Allowance (AIA).
After recent changes to Entrepreneurs’ Relief, is it still worthwhile to incorporate?
Incorporating your business – moving from being a sole trader to become a limited company, with its own legal business structure – has always been attractive from the tax position. This tax appeal could increase even further from April this year, when the main rate of corporation tax will be reduced to 20 per cent.
Don’t let your company’s cashflow interrupt growth
The ultimate goal for any company like yours is growth and success in your niche; cashflow is the lifeblood that can make or break your business dreams quickly and without much warning.
New proposals will simplify accounting for 3 million of UK’s smallest businesses
Accounting is generally a nightmare for most businesses – from the newest of start-ups to the most ingrained of businesses here in the UK.
