You may have seen commentary, following the Autumn Statement, on the changes to the treatment of goodwill when a business is incorporated.
These changes will impact on business owners looking to claim Entrepreneurs Relief (“ER”) on the disposal of their business to a company.
Previous position
Prior to the Autumn Statement ER has been available to reduce capital gains tax (“CGT”)payable on gains […]
Plan ahead for entrepreneurs’ relief
Entrepreneurs’ relief can be very valuable, potentially reducing the capital gains tax when selling a business from a rate of 28% to 10%. However, the relief is only available as long as the qualifying conditions are met. Because the conditions generally need to be met for 12 months prior to the disposal or the cessation of […]
When it comes to hiring top talent, smaller businesses can’t usually compete with the major corporations on things like salary and benefits – and with the economy on the upturn, potential employees can increasingly afford to hold out for the best jobs. So how can you make sure that you’re able to find and attract the best recruits? Here are […]
It is important to be aware of the alternative means of finance while your business is in a healthy position. Leave it too late, when there are doubts the funds can be returned to the shareholder, and issues may arise with tax relief for the loss of funds.
If you run a family business, a shareholder will not always consider the […]
What singles you out from the crowd, and makes customers choose you over the competition? We all know we should take the time out to consider our Unique Selling Propositions (USPs), but too often we get bogged down in everyday processes. Here are some tips to help you refocus…
Your USP defines the core of your business, allowing employees and customers […]
International trading is often perceived to be confined to the realms of large businesses, but there can be generous benefits for small and medium sized enterprises too. International business can create avenues of opportunity previously unattainable in domestic markets.
Before starting out
To ensure that your objectives are realistic, in-depth market research is essential. You should consider the following key areas:
levels of […]
Cashflow is critical to the life of a small business. Wouldn’t you love to get paid faster? We have great news for you!
Get rid of the paper. Stop using PDFs. Now, with Xero, you can simply email customers a link to their invoice.
Learn more. Watch the video below to see some of the awesome features and options! And contact us […]
We all face many challenges each day and it can be difficult to remain focused and motivated which is when we perform at our best. With all the advances in technology we all have easy access to tools which can assist us to be in the correct frame of mind. Information from youtube, mobiles and ipods etc give easy access […]
What you need to know – the main talking points
The Chancellor of the Exchequer, George Osborne, gave his fifth Budget speech to Parliament on 19 March 2014. He unveiled plans to support economic recovery – including tax breaks to boost productivity, exports and manufacturing.
The deficit Mr Osborne announced would be lower than expected this year at 6.6% – and he […]
Yields have dropped across the asset classes, except for equities
He may only have been in the job for just over six months, but Mark Carney, the Governor of the Bank of England, has already signalled his intention to do things differently and this is most noticeable in his concept of ‘forward guidance’.
Ongoing problem in the UK’s productivity levels
In the past, […]