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Corporate Finance team advises client on major engineering acquisition
Burgis & Bullock Corporate Finance has advised The Engineering Technology Group on its acquisition of the UK machine tool sales, spares, and servicing division of Hardinge Inc. The deal doubles the size of ETG which will have annualised turnover approaching £30m. The Engineering Technology Group supplies high specification machine tools and fixtures and provides engineering…
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Can I borrow money from my company pension scheme?
Many small companies continue to find it hard to obtain finance and although interest rates are at an all-time low, lending rates (where you can find them) remain stubbornly high so it would useful to find another source of funds. Owner-managed limited companies can look to use their pension funds to help the company grow. In particular,…
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Budget 2013 – non tax changes
Following the earlier blog on the more major changes in taxation announced in the 2013 Budget, the following (although including some taxation references) are essentially the other announcements made in the 2013 Budget. Help for home buyers Two schemes are available. Help to buy: equity loan This scheme will run for three years from 1…
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Budget 2013 – Tax Implications
Following our successful Budget Update events today, I’ve been asked to post some of the headline tax changes announced by George Osborne. The full list of rates and allowances is available to download elsewhere on our web site and on the FREE Burgis & Bullock mobile APP at the following link. Personal tax allowance 2014-15 The coalition…
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Coventry City FC head towards Administration
The long running dispute between the football club and the owners of the Ricoh Arena (ACL) over an alleged £1.3 Million in rent arrears has come to a head this week with ACL petitioning the High Court to put the Club into Administration. Whilst this doesn’t look at first sight like good news, it is…
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Year End Tax Saving Tips
Although the budget is upon us and we’re just 3 weeks away from the end of the tax year, there are still a number of opportunities available to save tax in the current year. Here we explain just a few but there are many more we simply don’t have space to explain in detail here.…
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Can you rely on VAT advice?
When you telephone the H M Revenue & Customs National Advice Service, are you relying on the advice that you are given? Moreover do you expect that H M Revenue & Customs will allow you to continue to rely on that advice ? In tax parlance, it is recognised that a taxpayer has a “legitimate…
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Are small businesses targeted by HMRC?
HMRC would argue that all businesses have their taxation affairs scrutinised equally and fairly, but a cursory glance at some recent statistics make us wonder. In 2011 tax inspectors raided 499 homes and business premises, a 155% increase on 2010. The amount of extra revenue raised through investigations has soared to £434 million a year.…
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Grant Funding available in West Midlands
Does your business employ less than 250 full time staff; received public funding less than EUR 200,000 in the last 3 years; be creating jobs in the next 12 months; or has your business been refused a loan or other credit facility? If the answer to the above is YES then your business may qualify…