Tax changes for investors and income

The new tax year, which has just started, offers some new benefits for investors and savers, even though savings rates continue at record low levels and the stock market struggles to recover to the level of this time last year. Here's a summary of the new tax changes for investors and income:- Personal Savings Allowance This year sees the start of the personal savings allowance for all basic … [Read more...]

Outsourcing lessons from Land Rover

Sometimes, knowing when to ask for help within your business is the crucial turning point between you being able to provide a good or an excellent service to your customers. In my role as Finance Director, I work with a broad range of clients and often witness first-hand the damage that can be done to a business when valuable time is spent remedying avoidable problems. Typically, the type of … [Read more...]

Changes to the Apprenticeship Levy 2017

Hiring an apprentice brings a number of advantages to your business, here’s just a few: Advantages of hiring an apprentice Lower recruitment and training costs Greater productivity, 76% of employers with apprentices state Plug skills gaps Highly motivated and loyal staff Job-specific training Company knowledge and skills passed on Improved staff retention Increased … [Read more...]

How to manage expenses

There are many things to think about if you run your own business and a key one should be how to manage expenses. You can’t afford to waste money plus you need to make ensure that any legitimate expenses are logged correctly by employees so as to minimise the amount of tax owed by maximising your allowable expenses. You will only be taxed on your profits if you are not a limited company and … [Read more...]

20 Finance Tips for Start-ups

The road to start-up success is lined with opportunities to fail, in fact, 9 out of 10 start-ups fail and, aside from making a product which no one wants (which one would assume you’d done your market research prior to launch), the main reason for this massive number of start-up failures is lack of cash! The following list should help would-be or practising entrepreneurs navigate the financial … [Read more...]

Save up to 18% Capital Gains Tax with Entrepreneur’s Relief

Are you looking to take advantage of Entrepreneur’s Relief? You have spent valuable time and effort in nurturing your start-up or business into a successful operation and are now planning your exit strategy. When you sell your business you will be liable for Capital Gains Tax at the rate of 18-28%. However, under the tax rules of Entrepreneur’s Relief you can reduce this amount to just 10% … [Read more...]