Cash flow is an important factor in running your business. Not having sufficient money coming in and having too much money going out of a company is a recipe for business failure. During times of significant economic slowdown, such as we have been experiencing during the Coronavirus pandemic, are often periods when businesses struggle with […]

In an ideal world, the costs of doing business can be covered by the proceeds of work already undertaken or goods already sold. Unfortunately, we do not live in an ideal world. We live in the world of late payments, long gaps between paying for supplies and generating revenue from them, seasonal fluctuations, challenging trading […]

At first glance, transferring your property seems sensible, especially as any net profit will be taxed at the lower company tax rates of 19%. But if you do this, you may also find yourself landed with unnecessary tax bills and costs. If you transfer the property from yourself to a company (effectively the company buys […]

A new scheme that supports small and medium-sized businesses with a grant of up to £2,000 has opened. The scheme provides grants to help tackle the new admin requirements for imports and exports to and from EU countries, as well as elsewhere in the world, or the movement of goods between GB and Northern Ireland. […]

A special police task force, tackling fraud in England, Wales and Northern Ireland, says it is investigating 6,000 cases of cybercrime, worth a staggering total of £34.5 million since March last year. The Action Fraud team is investigating many cases, but said that of those reporting a cyber-attack to volunteer-run Cyber Helpline, only a quarter […]

A new study has found that nearly six in 10 (59 per cent) small business owners loaned personal money to their business during the pandemic to help it survive. Research undertaken by one of Europe’s largest small business lenders, iwoca, showed that many owners had taken drastic steps during the pandemic to support their business. […]

To help businesses with the ongoing impact of the pandemic the Government has decided to extend measures in the Corporate Insolvency and Governance Act (the Act) to protect struggling companies. The extension to the measures introduced in the Act, includes an extension of the suspension of liability for wrongful trading from 30 April 2021 to […]

Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to Inheritance Tax (IHT) will no longer need to complete IHT forms as part of the probate process. Meanwhile, a temporary measure that is currently in place so that IHT returns can be submitted without a […]

Parents are being encouraged to check whether they are missing out on a tax-free childcare bonus of £500. Families using tax-free childcare accounts to pay for their childcare costs could receive a Government top-up worth up to £500 every three months, but thousands are missing out on the payout, HM Revenue & Customs (HMRC) has […]

It is not unusual for individuals and families to set up structures, such as asset protection trusts, to protect or control the assets they have created. Have you ever thought of creating a family office? Have you looked at succession planning strategies? Asset Protection and succession planning may be needed from uncertainty caused by changes […]