As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we face. What is clear is that some form of social distancing will remain, and many businesses are adopting new ways of working within … [Read more...]
Small businesses boosted by bounce back loans
A couple of days ago Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic. The scheme has been designed to ensure that small … [Read more...]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
This new loan scheme delivered by the British Business Bank, will launch from 23 March 2020. The Temporary Coronavirus Business Interruption Loan Scheme (CBILS) can provide facilities for smaller businesses (SMEs) across the UK who are experiencing lost or deferred revenues, leading to disruptions … [Read more...]
Would you like to make a Disclosure?
Have you ever worried about HMRC doing an inspection of your limited company? If you have, maybe you've heard of the term qaulifying disclosure but been unwsure what it means. Here's the answer! The other thing that many company directors worry about when it comes to an HMRC inspection is the cost … [Read more...]
HMRC Tax investigations into small businesses
It has been reported that HMRC believe 22 percent of tax returns filed incorrectly and their intention is to take action to collect this unpaid tax. HMRC tax investigations into small businesses can involve you with lots of paperwork and accounts checking, even if your accounts were perfect. The … [Read more...]
Delivering Customer Value
Understanding what your customers really value can help you to market your products and services more effectively. We normally find that our clients want to earn more money from their business; may clients have recently found that delivering customer value is a great way to earn more … [Read more...]
Tax planning to minimise the high income child benefit charge
The substantial increase in the higher rate threshold to £50,000 is good news for many taxpayers. However child benefit starts being clawed back at that same figure, and there has been no increase in that threshold since the High Income Child Benefit Charge was introduced in 2013/14. High … [Read more...]
3 tips to raise your prices without losing customers
The cost of running your business goes up every year if you're like most of our clients. The real question is when did you last increase your prices? We help our clients to understand their profit margins and the impact that has on what they can take home for themselves; but many business owners … [Read more...]
