Importance of business LPAs for partnerships and sole director companies in the UK
In the dynamic world of business, ensuring continuity and stability is paramount. One often overlooked but crucial tool for achieving this is the business lasting power of attorney (LPA). This legal document allows business owners to appoint someone to make decisions on their behalf if they become incapacitated.
Confidence high amid growing concerns over costs and taxation
Twice a year we ask business leaders across the country to share their aspirations for the next six months and track business confidence.
Autumn Budget 2024: Key highlights
In the first Labour Budget since 2010, Chancellor Rachel Reeves promised to “fix the foundations and deliver change”, announcing tax rises worth £40bn. Here's our roundup of the key highlights.
Navigating uncertainty: Owner managed businesses remain optimistic amid election and economic challenges
Twice a year we ask business leaders across the country to share their aspirations for the next six months and track business confidence.
Revenue confidence surges, but cashflow and tech adoption remain key concerns
Twice a year we ask business leaders across the country to share their aspirations for the next six months and track business confidence.
Challenging times ahead for Owner Managed Businesses?
Our latest Owner Managed Business (OMB) survey looked at the impact of the pandemic on businesses across the UK. Much of the optimism from last year has eroded, with many businesses now expecting their profits to be impacted by the rising costs across the U.K.
What are Allowable Business Expenses?
If you’re a sole trader running a small business, it is safe to say that you’ll be incurring business expenses.
Extension to the recovery loan scheme from August 2022
The government has announced an extension to the
Recovery Loan Scheme (RLS) from August 2022.
Companies House – Proposed Corporate Transparency & Register Reforms
New legislation proposed by Companies House means all directors and PSC’s of a company will have to have their identities electronically verified.
Companies House - Changes to Limited Company Filing Requirements
There are some changes relating to financial information and filing requirements which will coming into force once the legislation has been introduced.
Advisory fuel rates
If you pay for the fuel used in your company car you are entitled to recover the cost of the fuel – for business journeys - based on agreed Advisory Fuel Rates (AFRs), from your employer.
How stock holding and inflation will affect your cash flow
If your business processes materials or assembles goods for sale it will usually need to keep a stock of items to ensure that future sales can be met.
Four ways small and medium sized businesses can get financial support
Our latest
OMB survey found that nine out of ten business owners are worried about business costs. Here are four ways small and medium sized businesses can get financial support:
Onwards and upwards - could digital transformation be the key to business recovery?
Our latest Owner Managed Business (OMB) survey shows that although the proportion of businesses
saying they are highly confident in the overall outlook has more than doubled over the past 12
months, business owners are not out of the woods yet. Could technology be the key to business recovery post-pandemic?
Beware of being an over-trader
Business owners will need to consider their options and creating a cash-flow forecast will reveal the peaks and troughs in your bank balances and give you time to consider your choices.
A third of OMBs now planning to make redundancies
33% of owner-managed businesses in the UK are planning to make redundancies now the safety net of furlough has been removed according to our latest Owner Managed Business (OMB) survey results.
A long road to recovery for owner managed businesses?
Our latest Owner Managed Business (OMB) survey is a tale of contrasts. Many businesses are still struggling with the effects of the pandemic while others are thriving.
Recovery and Resilience Grant scheme open for applications
The Recovery and Resilience Grant scheme which provides funding to businesses who wish to invest in new technologies, machinery, and plant equipment, is open for Expressions of Interest.
Light at the end of the tunnel for OMBs?
Our latest Owner Managed Business (OMB) survey looked at the impact of the pandemic on businesses across the UK. Although business confidence remains low, we are starting to see positive signs of improvement and recovery amongst Owner Managed Businesses, with many optimistic about a better performance in 2021, and a growing number looking to increase their headcount in the coming months.
June furlough claim deadline
Furlough claims made in June 2021 must be submitted to HMRC by Wednesday 14 July 2021.
End of furlough: are you prepared?
There is still a large number of employees in the UK that are furloughed. However the furlough scheme (also known as the Coronavirus Job Retention Scheme) is scheduled to end this year.
How to import goods into the UK
If you are new to the import process this beginners check list will provide you with what you need to do.
Advisory Fuel Rates for company cars until 1 June 2021
HMRC recently released the Advisory Fuel Rates (AFR). The AFR will only affect company car users and will last until 1 June 2021 when the next quarter's rates will be applied.
HMRC ARE CONTINUING TO STRESS NO EXTENSION TO SELF ASSESSMENT DEADLINE (BUT ARE THEY SECRETLY YIELDING TO PRESSURE?)
HMRC have issued a letter addressed to the main accountancy bodies on the extension of the filing deadline and waiving of late filing penalties after 31 January 2021.
Working from home: what Directors can claim for
We look at the rules around what the Directors of owner managed businesses can claim for when their employees are working from home.
How long does it take to sell a small business?
The agreed sale price of a small business for sale, is influenced by a number of factors including revenues, business category, the business location, cash flow multiples and of course, the asking price. Although these factors are important in monitoring small business sales another overlooked factor speaks to fundamental market conditions, in particular the amount of time the business spends on the market. It is possible to study the health of the market by looking at the factor of time as it can determine the demand among buyers and expectations of sellers.
How will the VAT reverse charge for construction work?
From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems.
Most small businesses receive funding boost
The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.
Most small businesses receive funding boost
The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.
Invoice discounting with larger customers
Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.
Invoice discounting with larger customers
Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.
Powered by people and technology: the retail and wholesale sector view
This year we have found a slight bounce back in confidence among OMBs in the sector in achieving revenue and profit targets.
Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards
We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards.
Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards
We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards.
Are owner managed businesses missing out on public sector contracts?
The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).
Are owner managed businesses missing out on public sector contracts?
The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).
How long does it take to form a company?
According to Companies Made Simple it is currently taking Companies House around 15 hours to process limited company incorporations.
How long does it take to form a company?
According to Companies Made Simple it is currently taking Companies House around 15 hours to process limited company incorporations.