Business

  • 5 tips for reducing debtors

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    Keeping your debtors to a minimum is important to ensuring your business is a continuing success. However, reducing your debtors can often be a task which seems much easier said than done. Have a look below to see our top 5 tips for keeping your debtors down as much as possible. Reduce your trading terms – if you haven’t revised your trading terms...
  • Is uncertainty becoming the new norm?

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    No matter how often we might have heard soundbites such as ‘strong and stable’ and ‘Brexit means Brexit’ which are intended to reassure us, it seems that every major political event of the past twelve months has delivered an unexpected result and an uncertain future. June’s general election was no different: Theresa May began streets ahead in the p...
  • What do the changes in business rates mean for you?

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    One aspect of the Spring Budget which was welcomed by small businesses and pubs alike was the announcement by the Chancellor Philip Hammond that they will receive additional help with their business rates bills. All pubs whose rateable value is under £100,000 will receive a discount on their bills to the value of £1,000, meaning that nine out of te...
  • COMMENTARY: DONALD TRUMP RECEIVES MANDATE TO “MAKE AMERICA GREAT AGAIN.”

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    “While this US election was supercharged emotionally driving down the financial markets, stock valuations are based on earning per share and other fundamental business factors. It's likely, based on the recent impact of the British vote to leave the EU which had a similar downward impacts on the global stock markets, that the Markets will recover o...
  • Which benefits do employees value the most?

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    We’re living in a world where employee benefits are perhaps more varied than ever before. Those who work at Google reportedly enjoy free childcare, massages and even napping areas at work, whilst employees at Dropbox are provided with a stir fry bar, yoga sessions and Razor scooters to allow them to move around the workplace more quickly. Netflix,...
  • Scale tipped in favour of small firms?

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    Chancellors presenting their Budgets often attempt to redistribute wealth from one group in society to another, stated a recent post-Budget AccountancyAge article, suggesting that this was the implicit rationale behind many of the corporate tax measures announced in the March 2016 Budget. The business tax roadmap, published on March 16th, provided...
  • George Osborne uses Autumn Statement to spell out clear policy messages

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    According to George Osborne’s Autumn Statement and Spending Review, we all look set to face a galvanised HMRC, with an increased war chest for tackling tax evasion and avoidance. The Chancellor believes £5bn of additional revenue is expected to be raised by his new range of initiatives. Measures are planned to introduce new penalties for the Genera...
  • The Autumn Statement 2015 Overview

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    Just over four months ago, George Osborne delivered his second Budget of 2015, following the Conservative Party’s outright victory in the May general election. At that moment, the view from 11, Downing Street must have looked remarkably pleasant. Osborne’s handling of the economy was widely credited with playing a large – if not pivotal – part in t...
  • Are Company Strategic Reports helpfully forward-looking for investors?

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    Strategic reports provide ‘very little insight’ into future prospects. Many strategic reports contain a mass of annual data and text, which is largely backward looking, finds a PriceWaterhouse (PwC) study. Information disclosed in companies’ annual reports is being buried in a mass of annual data and text, presenting investors with a tough challeng...
  • The EU Referendum is on the horizon. What impact might it have on UK SMEs?

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    The UK is set to have a referendum by the end of 2017 which will determine whether or not we will remain a member of the European Union. In this referendum everyone of voting age will take part, answering “Yes” or “No” to the question of whether they wish to remain a part of the EU. There’s no doubt that leaving the European Union would bring about...
  • Finding Funding for SME start-ups

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    Whether you’re a start-up seeking your initial capital or you’ve just taken on a small business and are looking for money to grow, you’ll need that initial injection of funds to turn your ideas into a reality. According to statistics from Companies House, Britons are embracing the entrepreneurial spirit. Research from the national enterprise Start-...
  • Will dividend tax keep rising?

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    The Treasury revealed in July that the dividend tax credit would be replaced with a new tax-free allowance of £5,000 of dividend income for all taxpayers, which takes effect from April 2016. The Chancellor said at the time that the move would “simplify the taxation of dividends”. But is this just the start of increased dividend taxation? Smaller fi...
  • Budget ‘Tax Raid’ on Dividends and Investment Income

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    Changes to dividend taxation rates will see entrepreneurs and small business owners pay £6.8bn more in tax during the next five years, a move The Daily Telegraph described as a ‘tax raid’. Tax experts say it may lead many to consider selling up and to some investors cutting investment before the rules are implemented. Small business owners who are...
  • How the Summer Budget changed the landscape for SMEs

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    Those who listened to the Summer Budget on 8th July for news affecting small businesses will no doubt have been glad to see corporation tax slashed and the employment allowance increased, but an article recently published by KPMG asked, did the Summer Budget go far enough in announcing measures to help small businesses grow? In the lead up to the...
  • July Market Commentary

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    An essential part of writing this bulletin each month is making daily notes on the main business and stock market news. This month we have comfortably broken our record – more than six pages of notes. And as you might expect, about half of those pages are about Greece and its debts. ‘An agreement was in sight’ on the debt repayment – but then the f...
  • The new ‘Google tax’ and what it means for business

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    The government’s new Diverted Profits Tax (DPT), commonly known as the ‘Google tax’, formally came into force on 1st April. Detailed initially during the 2014 Autumn Statement, the tax is an attempt by the government to stop large firms from paying comparatively small amounts of tax in the UK by ‘diverting’ their profits to be reported overseas. A...
  • Planning a business exit: Eight ways to maximise value and attract buyers

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    Most business owners go into business planning to make profits and to maximise the value of the business ready for selling when they exit. Then many fail to either maximise or extract their business’ value, because they don’t have the strategy to do so. This should include a plan to ensure that the business is attractive and valuable and a plan for...
  • UK tax regime attracts business takeovers from abroad

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    Further hostile takeover attempts, similar to that of AstraZeneca attempted by US pharmaceutical Pfizer earlier in the year, are likely to take place as foreign businesses seek to take advantage of the UK’s attractive corporate tax regime. The UK’s headline rate will be 20% from next April, compared with 35% in the US. Meanwhile, the government has...