Review your prices

All too often we see that when a business sets their prices too low, it ends in cash flow issues. All because the business owner refused to review their prices let alone increase them. If you don’t review your prices and your margins are too tight, you won’t...

Tax News

REPORTING TO HMRC EVERY QUARTER TO GO AHEAD IN 2018 The Government and HMRC remain committed to the “Making Tax Digital” project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions. The...

Purchase of own shares

Sometimes it can be better to extract funds from your company or to acquire another company through an aquistion method known as ‘purchase of own shares’. In essence, you use the Company’s own cash to reduce the number of shares in issue and pay...

Changes to Entrepreneurs’ relief

What are the changes to Entrepreneurs’ When you sell an asset, the gain (if above the annual exemption of £11,100 – for 2015/16) the you pay tax on the gain. The rate of tax ranges from 18% to 28% for individuals. However, this rate can be reduced to 10%...

Reduction in share capital

Following on from our article on the purchase of own shares we thought it would be also useful to provide information for when you consider a reduction in share capital. In practice, this is a useful route when there is a takeover or change in shareholders and hence...