Publications
We have put together a series of useful Business Guides, available to download.
How to Increase your Profit
In business, your profits are your reward for your endeavours. In fact, profitability is the only reliable measurement of a business' success. Profits are the very lifeblood of a business. They fuel growth, support the owners, provide for the well-being of the staff,...
Family Trusts
A trust (settlement) arises when a person (the settlor) transfers assets to trustees, who hold the assets for the benefit of one or more persons (the beneficiaries), who will receive income and/or capital from the trust. The income tax position Income received by the...
Digital Accounting
Making Tax Digital (MTD) will see most businesses and taxpayers accessing their tax affairs online through digital tax accounts from 2020 onwards. It will replace the self-assessed tax return with a new quarterly digital reporting regime and change: how you or your...
Tax Planning for Businesses
Getting started If you are thinking of starting a business, you should consider, among other factors: the nature of the business, the demand for the service or product, the state of the economy, the availability of suitable funding, your break-even, the profit...
Tax Planning Guidelines
Tax planning is a year-round activity - and a very important part of your overall financial strategy. With good professional advice and judicious planning, you may be able to achieve considerable gains and savings. However, your tax planning must fit in with, rather...
Separation and Divorce
It is an unfortunate fact of modern life that many marriages do not survive. When separation, divorce or dissolution occurs, there will almost inevitably be some tax consequences. Allowances The married couple's allowance is only available to couples in which at least...
Borrowing for a Business Loan – making it work for your business
The majority of businesses will need to take out a business loan at some stage. Borrowing can help pay for new equipment or plant; or it can fund the expansion of development of a business. As with all credit, there is, of course, a cost to borrowing: the interest...
Domicile
Domicile and residence can each have a significant impact on how much UK tax you must pay, or indeed if you must pay UK tax at all. Both terms are used for tax purposes and have little to do with citizenship or nationality. Domicile and tax Domicile is the country you...
Companies House – forms you need to know about
Primary Companies Act Forms There are over 100 forms prescribed by the Companies Act 2006. We list below the main forms and include a link to all the forms which can be downloaded direct from Companies House. Many of the procedures can now be completed online rather...
Companies Act
The Companies Act comprises of approximately 1,300 sections and introduces new legislation which reflects the changing business environment. The Act provides for a single company law regime applying to the whole of the UK, so that companies will be UK companies rather...
A Business Plan: the foundation for success
Any business, whether it is just starting out or is considering the next stage in its development, will need a business plan. A business plan serves several important purposes. Perhaps the most obvious is to help raise funding. A business plan is the document that...
An introduction to PAYE
Whether an individual is an employee or self-employed in a particular situation is a question of fact depending on the terms under which he or she works. When you engage someone to do work for you, you have to decide whether or not to apply the PAYE rules. It is up to...
