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A Landlord’s Guide to Taxation
When you let out your property there are certain tax obligations that you need to be aware of. Whether you are a new or experienced landlord, the tax implications can be complicated, and you may not know where to start. To help you understand your responsibilities, we have prepared a brief summary of the tax…
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VAT Flat Rate Scheme for Consultants
The VAT Flat Rate Scheme (FRS) is a simplified method whereby VAT Registered Traders with a turnover of less than £150,000 can use a pre-agreed flat rate % of sales to calculate VAT liabilities rather than using the traditional “Outputs minus Inputs” method for calculating the VAT due to HMRC. This has the significant advantage…
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Business Valuations: Valuation indices – help or hindrance?
There are several private company valuation indices which are often quoted by business owners, valuers, and advisers. While useful in highlighting trends, such reference tools should be used with caution and relying on them is likely to undermine the credibility of a business valuation. Take your pick Amongst the range of private company valuation indices…
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Business Valuations -Choosing a Valuer
The valuation of companies and shares in the UK is largely unregulated. With everyone from company sale brokers to the man down the pub offering valuation opinions how does a business owner or adviser make sure they choose the right expert valuer? A valuation may be required for a wide range of reasons, but the…
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How to Value a Business
Defining value The lack of precise valuation provisions in legal agreements is one of the main causes of valuation disputes. For shareholders and their legal advisers it is critical to understand the different valuation bases that exist and how these might affect the future pricing of the shares when drafting Articles of Association or shareholders’…
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AMAZING EVERYDAY XERO TIME SAVERS FOR SMALL BUSINESSES
If you’re a small business you have probably heard of Xero cloud accounting solution. It’s the fastest growing cloud accounting platform out there, that’s why we decided to promote it to our clients and why we became a Xero Partner. Xero can transform the way you run your business, streamlining and simplifying the financial administration and…
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Selling your business
Part 1: Do I need an adviser? Advisers either add cost or value. Most business owners will have never engaged a corporate finance or M&A adviser before, so are understandably cautious about whether their involvement will be beneficial, especially if they already have an offer from a buyer on the table. In broad terms there…
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Can you afford to ignore Auto Enrolment Penalties?
The Pension regulator has issued recent guidance including an update on penalties issued in their compliance and enforcement bulletin which shows that the number Auto Enrolment penalty notices (AEPN) issued has risen sharply. Employers with 1-4 staff who don’t comply with the EPN before the deadline set down in it will be fined £50 per day, while…
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Small firms unaware of the Bribery Act
A recent report about the awareness and impact of the Bribery Act 2010 among smaller firms published by the Ministry of Justice (MoJ) and the Department for Business (BIS) reveals that a third of smaller firms have either not heard of the Bribery Act or are unaware of their liability for the failure to prevent…