Business Advice

Should you incorporate your buy-to-let business?

Should you incorporate your buy-to-let business?

If you are currently a landlord or considering becoming one, you may already be aware of the recent changes in the buy-to-let sector. With a now much less generous tax system in operation when personally buying property and letting it out, many landlords are considering incorporating their buy-to-let businesses. Essentially, it means your properties would …Read More

Spring Budget 2017

Spring Budget 2017

Highlights Increases to the Class 4 National Insurance rates Reduction in the dividend allowance Personal allowance  to increase as planned New NS&I investment bond available from April 2017 Corporation Tax to fall to 19% from April 2017 ISA Allowance to rise to £20,000 Spring Budget 2017 The Chancellor’s Spring Budget contained some significant announcements and confirmed a …Read More

Self-employment Business start-ups – FAQ

Self Employment FAQ Starting-up in business, becoming self-employed, can be a bit of a daunting process, especially if you are not sure of some of the steps you need to go through. There are a few ‘hoops’ you need to jump through so we have put together a few basic pointers for those who are thinking of …Read More

Autumn Statement 2015

Autumn Statement 2016

Highlights Reduction in corporation tax confirmed New £23bn National Productivity Investment Fund Personal allowance to increase as planned National Living Wage and National Minimum Wage to increase Increase in insurance premium tax Fuel duty frozen again Autumn Statement 2016 The Chancellor’s Autumn Statement 2016 contained some significant announcements and confirmed a number of changes. Our summary provides an overview of …Read More

Brexit

Brexit – One month on

We are now one month on from ‘Brexit’ and the UK voting to leave the European Union. While there is still a large level of uncertainty regarding our country’s economic future, a particular concern for our county is the future availability of grant funding. This uncertainty is likely set to remain at least until the government …Read More

Autumn Statement 2015

Autumn Statement 2015

Highlights Doubling of Small Business Rate Relief extended for a further year 3% Stamp duty surcharge for buy-to-let properties and 2nd homes Previously announced Tax Credit Cuts scrapped Apprentice Levy to be set at 0.5% of employer’s wage bill Powers for local governments to set business rates Record level of spending on new houses Autumn …Read More

Budget Highlights

Budget Highlights

Further to the Chancellor’s recent Summer Budget, some of the key headlines for our small and medium businesses are as follows: Corporation tax The Annual Investment Allowance has been set at £200k from 1 January 2016 for an indefinite period, giving businesses a chance to plan their capital expenditure. The rate of corporation tax will …Read More

Invoices paid

Invoice Factoring

An increasingly popular method of regulating a business’ cash flow is to sign up to invoice factoring or financing and release the book debts quicker than the customers may pay you. It is therefore often appealing to start-ups or growing businesses. There are pros and cons of undertaking such a step as follows:- Pros You may …Read More

Apprentice builder learning with his teacher

Apprenticeships – Could they help your business?

With the increasing cost of university fees, many school and sixth form leavers are making the decision that the opportunity to earn a salary while training on the job with an apprenticeship is more tempting than taking on a mountain of debt from university. Therefore now could be seen as a great opportunity to take …Read More