Publications
We have put together a series of useful Business Guides, available to download.
Proving your Credentials to Investors
People don't invest in ideas: they invest in people. You can have the world's best business plan with a truly original idea that is guaranteed to make a fortune, but you could fail to attract investment if the people behind the idea do not inspire confidence. Finding...
Initial Costs of Starting in Business
No business is the same as another even if the product or service is similar. If you are starting in business it is important to avoid the pitfall of underestimating your start up costs. Startup costs are limited to expenditure incurred before you are ready for...
Setting Employee Pay
Every employer knows just how important wages are to recruiting and keeping good employees. So how best to go about setting rates of pay? There are three important factors to consider when it comes to establishing the rate at which a business pays its employees. Rates...
Increasing your Cashflow
We are all aware of the importance of maintaining a positive cashflow from month to month if we are to avoid a liquidity crisis and all the misery that entails. But there is a lot more to cashflow management than simply avoiding crises. Actively striving to increase...
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...
