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5 reasons to protect yourself from an HMRC enquiry

In the UK we live in an environment whereby the taxpayer is responsible for their own tax liability. HMRC opens investigations to see if the taxpayer has paid the right amount of tax on a random or selective basis. All this helps the government fill its ever expanding public finance black hole. Dealing with HMRC… Read More

MTD for VAT – All is not lost if you forgot to sign up

All is not lost if you forgot to sign up by 31 July. If you did try to register by the 14th of August you will have received the following message from HMRC: “You must come back later to sign up. We’re unable to sign you up for Making Tax Digital for VAT at present. This… Read More

Business valuations – 5 reasons you might need one

To prepare for sale/purchase negotiations Having a firm idea of how much a business is worth in advance of commencement of negotiations can give you a strong hand in ensuring you obtain the deal you are looking for. Business owners sometimes have an unrealistic view of how much their business is worth, so it can… Read More

Adding value to your customers using the “product surround”

In a constantly changing environment many businesses are looking fundamentally at their business model and marketing strategy in order to increase sales and profitability. You need to be customer responsive and adapt to changing market needs. At a recent UK workshop of Mindshop, the international business growth network, strategic experts were focusing on the importance… Read More

3 ways to beat the odds implementing business change

Each year the pressure grows on all areas of a business including its people, cash-flow, leadership, innovation, business models, technologies and ability to implement strategies successfully. This pressure can lead to issues arising across the business that ultimately impact its overall growth and profit potential. Standing back from all the specific issues stemming from this… Read More

Top 10 tips for creating the time for strategic thinking

Very often, the biggest constraint for business owners is their time. Those who make time to think strategically tend to punch above their weight. We know this intuitively, but operational issues can easily get in the way. If you are guiding your business on its strategic agenda, it’s your job to isolate the right quantity… Read More

Budget March 2017: Tax squeeze to continue

The Government has in recent years increased the amount of tax raised by targeting certain sectors. Landlords have been particularly hit in recent years with restrictions on loan interest relief and certain expenses not being able to be offset against rental income. The extra 3% on Stamp Duty Land Tax on buying an additional property… Read More

The Ogden rate – what is it and how does it influence insurance premiums?

Not many people outside of the legal and insurance sectors will be familiar with the Ogden rate, not least because it hasn’t changed since 2001 and not therefore been worthy of much press attention. We are all aware however of the prevalence of personal injury claims, and their knock on effect to insurance premiums. The… Read More

Autumn Statement 2016 – Brian King’s review

I was not expecting much from Philip Hammond’s first Autumn Statement. A number of matters concerning additional spending on innovation, research and development, housing and infrastructure was widely predicted in advance. The few specific tax announcements were a confirmation of previous commitments: Personal allowance increasing to £11,500 in 2017/2018 and this will increase to £12,500… Read More

National Minimum and Living Wage rates from October 2016

New rates for the National Minimum Wage and the National Living Wage were introduced with effect from 1 October 2016 Full details can be found on the HMRC website  Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice October 2016 (current rate) £7.20 £6.95 £5.55 £4.00 £3.40   For a full… Read More

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