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...
Brexit – The tax implications
Brexit – what are the tax implications? May claim that the main reason for voting “leave” was to restore fiscal sovereignty to the UK. This enables us to set our own laws and us within business that...
Marketeers and accountants are wrong
Nearly every business has their whole concept of marketing completely and utterly wrong. Do you want to grow your business? Do you think you can grow your profits by spending all your cash? This...
7 benefits of using Business Systems
Let's start by defining what a business system is.... A long definition is: A system is a procedure, process, method, or course of action designed to achieve a specific result. Its component parts...
Making tax digital – the easy part
The first steps towards making tax digital is easy, change your systems. Moving your accounting systems to the cloud By moving your accounts to the cloud you not only making the compliance of...
The 5 most important things you should look for in an accountant
WHAT AT THE 5 MOST IMPORTANT THINGS YOU SHOULD LOOK FOR IN AN ACCOUNTANT? To help you out, we’ve cribbed together five of the most important attributes your perfect accountant needs to have. 1.Knows...
New state pension scheme in place
The State Pension changed on 6 April 2016. If you reach State Pension age on or after that date you’ll get the new State Pension under the new rules. The new State Pension is designed to be simpler...
Directors loan – overdrawn tax treatment
What is an overdrawn directors loan? Quite simply this is when a director has taken more money from the company than they were entitled to take via salary and/or dividends Why does an overdrawn...
Autumn Statement
George Osborne today delivered his first Autumn Statement as Chancellor of a standalone Tory government. But he should be used to this by now as it was his third pronouncement of the year, the first...
Business plan
Around this time of year many of you will be thinking about next year, looking at your results so far this year and wanting to target next year and make it much better than this year. It is the time...