When approaching the VAT registration threshold there are important matters to consider. The VAT registration threshold is the point at which businesses must register for VAT with HMRC.
 

What are P11D and P11D (b) Forms for and when are they required?

There are a number of government approved share schemes which offer tax advantages to employees. The approved schemes are Share Incentive Plans (SIPs), Save As You Earn (SAYE) schemes, Company Share Option Plans (CSOPs) and Enterprise Management Incentive (EMI) schemes.

The Partnership Act 1890 defines a General Partnership, otherwise commonly known as an Ordinary Partnership or Business Partnership, as two or more individuals ‘carrying on a business in common with a view of profit’. 
 

Since 15 March 2021, smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. 

The policy aims to provide a cash flow benefit to businesses by providing additional relief for trading losses, thereby generating repayments for tax paid for two additional years.

Whilst HM Government’s tougher restriction measures at the start of 2021 will continue to have an adverse impact for many people and businesses, there are reasons why the outlook for 2021 is more positive.
 

Prime Minister Boris Johnson has announced an additional £1,000 grant for “wet-led pubs” in tiers 2 and 3 who will unfortunately not have the opportunity to open or operate fully during the Christmas holiday period. 

Covid 19 has wreaked havoc for all business sectors but has had a very significant impact on the hospitality and leisure sector, which subsequently then expands into other businesses in terms of supply chains and consumer demand. 

Lenders that had previously offered bounce back loans (BBL) are now able to offer borrowers a top up if they originally took out less than the maximum amount. 

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

These are the important tax dates for your diary this month. 

Now that we are approaching the end of the 2019-20 tax year it’s worth noting that you are required to keep your self-employed business records – that underpin your self-assessment tax return for 2019-20 - for 5 years after the 31 January 2021 submission deadline.

The end of the calendar year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the nine months to the end of December 2019 is a must-do.

Here are the important tax dates for your diary this November.

As a general rule, if you sell shares for more than you paid for them, any profit you make will be chargeable to Capital Gains Tax (CGT).

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

As your business grows and takes on more customers, employees and suppliers, maintaining core financial controls should keep you travelling up the success curve.

As your business grows and takes on more customers, employees and suppliers, maintaining core financial controls should keep you travelling up the success curve.

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.  
 

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.  
 

Public speaking isn’t easy but is a necessary skill for many in the business world. Whether it is a boardroom presentation or an update to shareholders/staff members, most managers will be required to present at some point. Here is a presentation strategy to help you to up your game. 

Public speaking isn’t easy but is a necessary skill for many in the business world. Whether it is a boardroom presentation or an update to shareholders/staff members, most managers will be required to present at some point. Here is a presentation strategy to help you to up your game. 

In today's rapidly evolving business environment, innovation is key to the growth (and indeed, survival) of most firms. Many of us are constantly on the look-out for an innovative new idea.

In today's rapidly evolving business environment, innovation is key to the growth (and indeed, survival) of most firms. Many of us are constantly on the look-out for an innovative new idea.

The new corporate tax rates are now upon us and the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020.

The new corporate tax rates are now upon us and the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020.

Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case. There are a number of considerations:


 

Business owners may be considering their options for investment in new equipment especially if their trading year end is March, as is often the case. There are a number of considerations:


 

1 July 2016 - Due date for Corporation Tax due for the year ended 30 September 2015.

1 July 2016 - Due date for Corporation Tax due for the year ended 30 September 2015.

 

 

 

 

 

 

On 8 March representatives from the Salisbury office attended the Women in Business Conference at Bowood Hotel & Spa.  This is the second year the Conference, funded by TEN, to celebrate International Women's Day, has been held.
 

On 8 March representatives from the Salisbury office attended the Women in Business Conference at Bowood Hotel & Spa.  This is the second year the Conference, funded by TEN, to celebrate International Women's Day, has been held.