Tax News

TAX NEWS MAKING TAX DIGITAL TO BE DELAYED? The Treasury Select Committee has reviewed the proposals for the introduction of “Making tax digital” (MTD) and have agreed with the various professional bodies that if the new systems are introduced too quickly there could...

Manage your costs

One of the key aspects to maintaining a positive cashflow is to manage your costs. Far too many business owners allow their costs of escalate and don’t have the time to consider whether they are still receiving value for money. Consider car insurance for a...

Why cash is king

They saying goes ‘turnover is vanity, profit is sanity, but cash is reality’. Whilst many entrepreneurs know this, very few actually practice this. Cash is king is a phrase that’s often used in business to underline the importance of cash if you want your...

What is EBITDA?

EBITDA (pronounced “ee-bit-dar”) stands for Earnings Before Interest, Taxation, Depreciation and Amortisation. Yes it is a bit of a mouthful in long form but the concept is vital when comparing business performance and also looking at business valuation....

Venture Capital Trusts – dividend reinvestment

They sound risky and they are – but, for many, the combination of tax breaks and potential returns makes venture capital trusts (VCTs) extremely attractive. VCTs are generally promoted ahead of the end of the tax year, as the fund managers who provide the trusts...