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 person starting to trade is faced with a number of requirements; for example, they must register their business with HMRC. Penalties may be charged where the person fails to meet, or is late in meeting those obligations. In addition, the person must make a number of important decisions; for example, choosing the date to...
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 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...
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...
Who doesn’t dream of starting a business to become self-independent? It shouldn’t come as a surprise that self-employed individuals are more than ever. However, starting a business means you have to deal with financial, legal, and other risky elements. Here are some of the most practical considerations that you should take into account before starting...
Limited companyRental IncomeSelf employedCOVID-19 Business Measures – Job Retention and Tax Deferrals
Amidst a global pandemic, many businesses in the UK are temporarily halting their operations as per government compliance. The situation might seem grim, but the businesses still can offer the usual services and make the most out of relief packages from the government. As the COVID-19 wreaks havoc to small and big businesses, the government...
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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
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