The new 130% ‘super deduction’ for investment into plant and machinery could be very useful, but there are important points contained within the “small print” that require careful planning.
The following example, which has been prepared by HMRC, clearly shows the possible appeal of the new tax allowance.
A company spends £10m on qualifying assets.
[i] Under the previous system, the possible tax […]
Should you continue making money from construction, or become a tax expert?
If your business has CIS Gross Status, always remember that you must adhere to strict HMRC rules and deadlines, or that privilege could be removed.
It will hurt your cash-flow if you lose CIS Gross Status because it will cause an immediate drop in income received by your business.
Unfortunately, it is […]
30 years young and just getting started
Fundamental principles are our priority:-
Positive results on a daily basis drive business performance.
Cash and profits are the daily scorecard of activity.
By maintaining this focus, ad+ Chartered Accountants helps ambitious business owners to transform the results of their business.
Right now, as we celebrate 30 years in business, we are determined to ensure our […]
Announced on Thursday 24th September, the new Winter Economy Plan, was announced by the Chancellor.
The package of measures applies to all regions and nations of the UK, include:-
A new Jobs Support Scheme to protect millions of returning workers.
Extending the Self Employment Income Support Scheme.
Continuing the 15% VAT cut for the hospitality and tourism sectors.
More help for […]
Since 1st July 2020, in most instances, you are required to report and pay tax within 30 days when you make a profit on the sale of a residential property that is not your main home.
The change has drastically reduced the previous time gap between the date of sale and the date of paying the tax. You will now be […]
Property and Wealth
Owning a property portfolio is an aim of many people. Whether the portfolio runs alongside a trading business or becomes the main focus, the appeal is to accumulate a capital asset which can produce a stream of income.
Because ad+ has so many clients who own property investments, this is a topic in which we have a special interest.
We […]
Does your financial recovery plan include repayment of loans etc?
It’s time to have another look at your business recovery plan. This time we are going to focus on repaying loans or liabilities deferred.
Let’s start by looking at the main financial provisions that have been put in place during this crisis. You need to identify which ones require to be repaid, […]
Scotland: Route map for moving out of lockdown.
The document we have all been waiting for has been published. Download by clicking this link: ‘COVID-19: Framework for Decision Making – Scotland’s route map through and out of the crisis’
Changes to working or running a business
Remote working remains the default position for those who can.
For those workplaces that are […]
Scotland: new sources of Coronavirus financial help
Three new grants became available this week to help Scottish businesses negatively impacted by the Coronavirus:
Pivotal Enterprise Resilience Fund
Creative, Tourism & Hospitality Enterprises Hardship Fund
Newly Self-Employed Hardship Fund
Pivotal Enterprise Resilience Fund
It may be difficult to secure this grant because it will be “needs based”, and your business must meet the criteria […]
Scotland: Financial help for liquidity support for SME housebuilders
An emergency loan fund has been announced which will help housebuilders with liquidity.
Who can apply?
SME housebuilders who can demonstrate that:
They are an existing business in Scotland which has been directly affected by COVID-19
Their turnover is less than £45 million and they are building five or more homes per annum
Their business […]