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And How to Overcome them! The covid-19 crisis has damaged the trade of many businesses. Quite a few of whom are potentially good enterprises. They need to raise finance to see themselves through the dark days of the virus being played out. Many have deferred due payments for VAT, income tax, company tax, PAYE etc…Read More
SEIZE THE OPPORTUNITY FOR LIFE CHANGING GROWTH & MANAGE RISK Post Covid, many business owners will want to give up the struggle they have battled with over the years. They need help to exit their businesses to a better life for them. They have wealth in the business they need assistance to extract to fund…Read More
MANAGING RISK If you own an established business with a significant cash balance built up over the years, it is now at risk of failure from Covid-induced stress in your trade or industry. Do any of the following seem relevant: Has the way your customers deal with you become impossible in the near future? Are…Read More
What Do You Need to Manage the virus induced downturn? Thousands of businesses will close this year. In these days of covid-19, many remaining businesses are in grave danger of failing. They may be sound businesses that could well survive in the world we now find ourselves of furloughing, lockdowns and borrowing. However, the big…Read More
Seeing your accountant as just another service provider.If you saw them as trusted advisors or a business partner, you would be able to access their tremendous business knowledge for your benefit. If you just want to pay as little as possible for a specific set of services that is exactly what you will get. Too…Read More
Presenter loses IR35 appeal 28 November 2019 A BBC presenter has failed to convince the Upper Tribunal that her work was outside the IR35 rules. Why does this ruling have a significant impact and what key aspect of the decision do contractor clients need to know about? BBC. The BBC has been making plenty of…Read More
Here is an article from the Sunday Times that shows who’s winning in cloud accounting market place for software. The clear winner is Intuit with Quickbooks Online. The numbers are quite illuminating. September 1 2019, 12:01am, the Sunday Times Sage’s offline software business evaporates into cloud Author: Ben Wood As he waxed nostalgic about his turnaround…Read More
Many business owners start a business to provide income for themselves and their families. As the years roll on, they may or not be as successful as they imagined at the game of business. If they do well, the income can be good but the tax cost can be horrendous. The real gold in a…Read More
In the world of marketing, everyone (including us accountants) and clients seems to be obsessed with PRICE. What price will get that client onboard? Having seen a number of clients over the years fixated on a low price as proof of their superior deal making skills, I have to conclude much of this is just…Read More
I am often talking to clients about the need to either renew their business or plan for succession. This year I am practising what I preach. I have chosen to renew my business to invest and improve it for the next few years. The past year was affected by staffing issues. In a full economy…Read More
If you have wondered if you have the right accountant for your business, please read on. A tax accountant can help with calculating your tax bills and filing your tax returns. That’s about it. There are so many people supplying businesses in this field that finding a good one is fraught with danger. If you…Read More
If a business has existed for a few years and it has grown steadily to the point where you have staff who need guiding and managing, then you are potentially missing a trick in not using your accounts information is a key tool in managing your business. Too many people look at the bank balance…Read More
The most common reason is NOT KNOWING WHERE YOU STAND with respect to your business. If you’re not getting reliable information on a regular basis in a format that you can understand, we can help! We’re experts at developing accounting systems and reports. Alternatively, we can prepare the figures for you, accurately and promptly, and…Read More
This is because HMRC have introduce something called “In Year Adjustments” where they attempt to collect tax you might have paid through Self-Assessment. It probably is something that is unpredictable by you and certainly by HMRC but they will have a go at estimating and taxing it. I think dividends and pension income are are…Read More
I just saved client a few hundred pounds. After filing a tax return for 2017/18, HMRC decide to apply what they call an In Year Adjustment (a new system I was told), Here they take any income they can tax through the code system and apply a charge to tax on such income, even thought…Read More