Should I buy a property through a company?
October 10, 2018
The last few years we have witnessed an unprecedented wave of legislation against buy to let landlords. First there was the 3% rise in stamp duty for second or more properties. Then there was the removal of tax relief on interest payments for higher rate taxpayers. If t...
The most powerful lever in the profit equation
September 25, 2018
You can’t manage profit. Profit is simply an end result. It’s the end result of a series of processes.It’s the business model.Numbers drive that business model. When you fully understand your business model and how the numbers work you will be able manag...
Why do businesses fail?
September 25, 2018
There are many reasons why businesses struggle, and in some cases, ultimately fail. It happens for both Start Up businesses and established businesses. Here are some of the common causes.
Starting out in business
According to research more than half of new businesses don’t...
Should my accountant be helping me to grow my business?
August 22, 2018
Running a business can be a lonely experience. You have people to manage, customers to keep happy, bills to pay and mouths to feed. And the buck always stops with you.
Having someone to lean on, to help you navigate through the rough seas that business can bring, to ac...
Why do I have to make a tax payment in July
July 30, 2018
There's always a confusion around the July tax 'payment on account' for income tax under the self assessment regime.If you are business owner, chances are you're under the self assessment regime and have to submit a tax return every year. One of the advantages of being self-...
What's the best way to run my car through the business?
July 19, 2018
This is a question we get asked a lot here. The answer as with most things in tax is, it depends!
It depends on what kind of car you have for a start. The tax rules these days are based on the CO2 emissions of the car i.e the higher the CO2 emissions, the greater the potenti...
It's that time of the year when the kids are about to break up for the holidays - which means that the bank of mum and dad is set for an assault yet again!
Whether it is activities during the school holidays, childcare, tuition fees and related university living costs or pr...
Top 5 ways to super-charge your business
July 5, 2018
Running a business can be highly rewarding but it can also be highly stressful. Whilst most business owners enjoy the freedom and flexibility of being your own boss, it also means that that you are in charge of everything and when something goes wrong, it is ultimately your ...
So what else can I put through the business?
July 2, 2018
If you're a business owner, no doubt you have asked yourself - and maybe your accountant - this question.
The correct answer is - anything that is 'wholly and exclusively' for the purposes of your business can be 'put through' and therefore qualify as a tax deduction.
The ob...
Investing (tax efficiently) in a new business
February 1, 2018
A friend has an idea for a small business startup and wants you to help fund it. You’re interested, but is it more tax efficient to do it through your company or use your own cash?
What is tax efficiency?
Putting money into a new company is nearly always risky, but d...
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