One of our most frequently asked questions is “Can I give shares to key employees? And what are the tax implications of this?” Why do you want to do this? The answer is yes you can give your employees shares, but before we investigate how, we should look at your reasoning [...]
Company cars are an easy target for HMRC – people need a car, and they often desire an expensive one! So maybe it’s time to ditch the petrol and diesel and think about going electric…here we help you consider whether an electric car would be more beneficial for you. Traditionally, the [...]
As the new tier system kicks in, many businesses are finding themselves facing tough times and some very difficult decisions this Christmas. Over the last six months, you have probably already had to make some hard choices, as your business has seen its work dry up and its income drop off [...]
One of the perpetual fears of many business owners is HMRC. Sometimes this is an irrational fear and sometimes it justified. HMRC have enormous powers that seemingly increase year on year. Tax, Payroll and VAT are getting increasingly complex and its up to you, as a business owner, to get it [...]
One of the first decisions that you will need to make when you start a business… What is the best trading structure for my new business? Which legal entity do I wish to trade through? A legal entity is how HMRC will treat you for Tax purposes and determines what rules [...]
In the not to distant past, accountants used to be someone you interacted with once a year when you dropped off your books and then sat down with to discuss your taxes. At that year end meeting - often several months after your actual year end - you discovered how well, [...]
Last week Rishi Sunak announced the Job Support Scheme to replace the Coronavirus Job Retention Scheme (CJRS). Hundreds of thousands of workers remain on Furlough and are reliant on these government payments. However, in October the CJRS payments reduce to 60% of the employee’s wages, up to £1875, with the employee [...]
A Cash flow forecast is used to predict your business’s future financial position for the period ahead. Your forecast allows you to see what money you expect to be paid into the business and the amount you’ll need to payout. It’s a useful tool to help you manage your business more [...]
