UK Inflation is predicted to reach 6% in April, and we have less than a month left to use up any remaining 2021-22 ISA (Individual Savings Account) allowance. As an adult in the UK, you have an allowance of £20,000 which you can put into ISAs every year, however any unused portion can’t be brought …
UK inflation, should I let my spare money sit in my bank account? Read More »
Awesome! I Survived the pandemic restrictions to my business, I broke even and haven’t got any tax to pay! Or have I? To explore the subject of tax to pay, let’s drill into the numbers a little bit. Here is our imaginary company, Wobbly Candles Ltd. We buy and sell scented and ornate candles in …
Are you looking for a new way to incentivise your employees? A key part of restructuring your SME into a limited liability partnership (LLP), is having everyone share proportionately in the business’ success and profits. Essentially, having a profit share model in place. The best part about profit sharing is that it’s not just an …
What is profit sharing and why you should offer it? Read More »
As a small business owner you probably dread the thought of HMRC opening an enquiry on your business’ VAT returns. Over the last ten years we’ve assisted our clients with numerous routine VAT enquiries, and on the whole, we’ve found HMRC’s VAT officers to be supportive and helpful throughout the process. We’ve put together this …
I’ve been contacted about a VAT inspection – what should I expect? Read More »
In the UK today, most people work in service-based and knowledge-based industries. These are industries which deal in intangible assets such as intellectual property: knowledge and know-how, patents, trademarks, copyrights and brands. This wasn’t always the case, but the pace of change has been accelerating. It’s only in the last fifty years that these industries, …
The intangible asset revolution, archaic accounting and the myth of goodwill Read More »
Have you thought about switching your business structure from a limited company to a limited liability partnership but you kept running into these three concerns: “It won’t work for my business because we are too big.” “The industry we are in, I just don’t see it working…” “Management wise, what does it mean when everyone …
Your top 3 concerns about switching to a Limited Liability Partnership answered Read More »
The concepts of group structures and holding companies sound very corporate. Like, really, obnoxiously corporate. The idea of having several companies owned by another company which, in turn, is owned by a bunch of shareholders can be daunting. And that’s not even mentioning the extra statutory burdens it seemingly places on the business: more VAT …
Should I implement a group structure? Is it worth the hassle? How do I even start? Read More »
Are you considering buying a car? Will you be using that car for work? If you’ve answered yes to both of those questions, maybe you should consider buying the car through your business. There can be a lot of tax benefits to be had, especially if you’re considering getting an electric car. Before electric and …
Is it worth going electric now and should you buy the car through your business? Read More »
If you take stock of what you do in a day, how many of those tasks are repetitive? Sometimes all but a glorified box ticking exercise? These types of manual tasks that are repetitive, can be templated, and are perfect candidates for automation. But how do you know what automation is worth? Digital automation costs. …
In this article we’ll be focusing our attention on the Mac’s arch-rival – the Windows PC – and the advantages that Windows machines have over their Apple counterparts.
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