Most businesses need to raise money at some point. The majority of smaller businesses will borrow from a bank to help fund initial costs of premises, stock, etc. More mature businesses may find opportunities that require the injection of new funds or, very often, simply need an ongoing source of finance to bridge the time...
Most businesses need to raise money at some point. The majority of smaller businesses will borrow from a bank to help fund initial costs of premises, stock, etc. More mature businesses may find opportunities that require the injection of new funds or, very often, simply need an ongoing source of finance to bridge the time...
Time to pay arrangements A business which has or will have outstanding tax liabilities should consider contacting HMRC for a Time to Pay arrangement. HMRC will consider: agreeing an instalment arrangement, typically over 12 months; suspending debt collection proceedings; and cancelling penalties and interest. The dedicated helpline – 0800 0159 559 – is open Monday...
A number of important decisions must be made when a company is set-up; for example, who will own shares in the company and to what date will it make up its accounts? These decisions may have tax consequences and it is important that all of the available options are considered. The company must be registered...
The legislation changes related to IR35 will came into effect on the 6th of April 2021 for small and medium-sized companies in the private sector. The underlying purpose of the legislation is to tackle limited-service companies that are avoiding taxes from contractors. It’s practically the opposite of what HMRC states in its business guidelines concerning...
The ongoing economic turmoil can only get worse if you make your business vulnerable to fraudsters. As the security measures and technological advancements increase, the tax and cyber-security fraudsters are using new methods to squeeze money out of numerous businesses across the UK. One of the most common types of frauds is spoof emails that...
Whether you intend to expand beyond your current geographical region or improve the operational level of your existing eCommerce store in the UK, there are hundreds of effective eCommerce platforms out there. Small businesses, for instance, do not want the hassle to code or hire the services of an expensive web developer. And this is...
There is no simple answer as to how businesses can increase profit margins during these tumultuous times. Whether you function as a small or corporate company, optimism needs to prevail to get the desired profit margins. Ordinarily, how you reduce costs will lead to more revenue growth for your business. Several businesses, for instance, are...
Despite many added perks for freelancers in the UK, the tax challenges can be overwhelming. And that is because freelancers often have to figure out complicated tax guidelines on their own. However, the flexibility to work on preferred interesting projects is perfect. For freelancers, every penny is valuable to support themselves. Freelancers, for example, have...
You can never tell with the current situation when you might need a loan from your own company. Although you may think you have complete power over how you run your company, you have to take into account certain legislative considerations before borrowing money. In simple terms, you have to make sure that you acknowledge...
Our locationsWhere to find us?
London: Kemp House, 160 City Road, EC1V 2NX
Cambridge: Allia Future Business Centre, King Hedges Road, CB4 2HY
Manchester: First Floor, Swan Buildings, Swan Street, M4 5JW
Copyright by Smart Accounting and Finance Services. All rights reserved. We use cookies on this website, you can find more information about cookies here.