How to extract profits out of your company
How to extract profit from your limited company in a tax efficient way. Download Article (PDF)
How should you structure your business?
The right business structure is essential for tax purposes. How do you decide which one is right for you? Download Article (PDF)
Business tasks to outsource
As a business owner, fewer things are as precious as your time - time that would be much better spent doing something other than accounting. If you want to grow your business, it might be time to consider offloading some [...]
Starting a new business
Despite the recent challenges related to the pandemic, 407,510 new businesses were formed during 2020. Businesses that were able to fit their goods and services to the current circumstances or by moving their operations online, have been the ones to [...]
Strategies for Exports After Brexit
The UK has left the EU, and for British exporters, that presents both opportunity and uncertainty. While the new trade agreement places no tariffs or quotas on goods traded between the UK and EU from 1 January 2021, it may [...]
How to Manage Cashflow in Your Business
Even before the pandemic, cashflow problems were among the main causes of business failure. The danger is they can be hard to spot if other financial measures, such as profit, are looking positive. In many cases the signs aren't obvious [...]
Winter Economy Plan
On 24 September 2020, Rishi Sunak announced his 'winter economy plan'. This is not an extension of the furlough scheme, which still ends on 31 October 2020 as planned. The replacement 'job support scheme' will run for six months between [...]
How Much Is Your Business Worth?
Whether you're making exit plans or you want to give confidence to investors, knowing the value of your business is a vital step. As a starting point, it's important to work out what it is you're actually selling. Is it [...]
Post COVID-19 Support for Businesses
The economic update announced by the Chancellor on 8 July, contained several measures focused on a "three-point plan for jobs". Those three points - to protect, support, and create jobs - come as part of a "second phase" of support, [...]
Planning Redundancies
With redundancies on the rise due to coronavirus, it is important to understand how termination payments work. You might have a £30,000 tax-free figure in the back of your mind, and at first glance you are not wrong. However, new [...]