Category Archives: Business

Moving Home? Beware of a possible tax trap

moving house tax

The sale of your home is not always exempt from capital gains tax.  There are many quirks to the capital gains tax rules and we would recommend always contacting us for a quick chat if you are selling a property – or any other investment asset – even if it […]

Do you know what your financial goals are?

Financial Planning Goals

As financial planners, we ask a lot of questions about goals – you might think we are being nosy?! The reason for asking so many questions is to try and establish what’s most important to you.  It’s not as simple as just asking you what your goals are.  If you […]

Starting a new business?

Starting a new business

Mainstream media is highlighting the ravages of Covid-19 on our society and economy but in fact, anecdotal evidence suggests that it is not all gloom and doom: some people are even starting a new business.  And, if the expected slew of redundancies does indeed happen once the furlough scheme ends, […]

Company cars and private use

company car

The deadline for submission of forms P11D and P11D(b) to HMRC advising of benefits in kind provided to employees, is 7 July 2021. Employers need to look at this now, particularly as the provision of company cars and furlough may provide problems. A benefit in kind tax charge arises where […]

Corporation tax losses as a result of Covid-19?

tax loss

Is your company expecting to make a loss as a result of the global pandemic?   If so, you may be interested to learn that HMRC has recently updated its guidance relating to repayment of corporation tax based on anticipated losses.   Tax repayments are possible where surplus losses made […]

HMRC impose compliance and enforcement powers for false Coronavirus Job Retention Scheme claims

Furlough

The most basic conditions of the Coronavirus Job Retention Scheme (CJRS) is that your business is / will be adversely affected by Covid-19 and that employees on furlough are not allowed to do any work whilst on furlough.  A “snitch line” for false furlough claims has already seen thousands of […]

Getting paid in a COVID-19 world

getting paid

In these uncertain times, it has never been more important to maintain sufficient funds or cash within your business. We have also recently recorded a video that gives more information how to help you get paid. Watch it here.    Cash is the oxygen that businesses need to survive, particularly […]

Covid-19: Identifying Waste

wasting time

In these truly strange times, many of you will find yourself in a position you’ve never been in before. We want to help you use this time wisely, so you bounce back better and more profitable than before.   The main message is you are not alone, and we are […]

Covid-19: Profit Improvement

Profit

Before the coronavirus mayhem, we held a successful event named 7 Ways to Grow your Business. The result of each of the 7 ways is; increased profit. Profit is: Profit = Sales – Direct costs – Overheads You have four choices right now: Do Nothing Retreat Take Normal Amounts of […]

Covid-19: Managing Cash Flow and Raising Finance

cash flow

Never has cash flow been more important in a business. Cash flow is the heart of a business, not just profit. If you haven’t got cash it can be a difficult and stressful time. Profit is important too especially if you need to raise finance. Here are some interesting statistics: […]