A lot of small businesses find book-keeping a very tedious and mundane exercise. However, book-keeping is one of the most important elements in any business. Without accurate book-keeping you won’t know how much profit you really made, may forget to claim for some expenses (ending up out of pocket … [Read more...]
IHT relief for businesses and farms
There is currently a, very generous, 100% relief from inheritance tax for passing on businesses and farmland during lifetime and on death. The rationale for Business Property Relief (BPR) and Agricultural Property Relief (APR) is to enable businesses to be passed on without the need to sell off … [Read more...]
5 ideas to improve cashflow
A successful business is successful because it always has cash coming in, not because it sells a lot, or has a good margin. A (lack of) cashflow causes businesses to fail, or succeed. You're not working hard for profit, you want CASH. How is your cashflow and do you regularly focus on improving … [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...]
Is this the end of 9 to 5.
Times are changing for many businesses and it is found that we would now like to choose our hours as long as the work gets completed. A survey was completed and found that just six per cent of people now work the traditional shift, almost half of people work flexibly, job sharing or … [Read more...]
The Accountant – UK Box Office
Did you know that The Accountant has entered the UK box office at number three, the highest new entry. The weekend of the opening it took £1.6m at from 496 cinemas, including £115,000 in previews. The Accountant who stars Ben Affleck whose character is called Christian Wolff, makes … [Read more...]
The Confirmation Statement has Replaced the Annual Return.
Register of persons with significant Control Did you know that the legislation has changed for Limited Companies. From 1st July 2016 the Annual return to Companies House has been replaced by an annual Confirmation Statement, which requires additional details of "people with significant control" … [Read more...]
