Research and Development claims
Claiming R&D Tax Credits for innovating new products, enhancing processes or improving services can give rise to reductions in corporation tax or even cash repayments. However, there are unscrupulous “advisers” in the marketplace, which have been falsely claiming for all sorts of businesses where there is no such expenditure in the first place. Look up […]
IHT – Inheritance Tax
Nearly £6bn of Inheritance Tax (IHT) was collected in the 2021/22 tax year according to the latest Government figures – a new record for British families. While these figures are from a couple of years ago – it can take time for the official numbers to be fully collated. These latest figures shows a trend […]
Strategic alignment
How to align your team on executing your firm’s strategy. Aligning your team with your firm’s strategy is essential for achieving organisational goals and ensuring cohesive execution. The process begins with clear communication. The management team needs to be able to articulate the strategy in a way that is understandable and relevant to each team […]
Paying your tax…
What happens if you don’t pay your taxes when they become due? It is crucial to contact HMRC as soon as practicable if a tax debt cannot be paid on time. HMRC are receptive to payments by instalments using a “Time to Pay” arrangement. It might also be possible for a PAYE code to be […]
Selling On Credit? Keep On Top Of Your Debtors…
As globalisation continues, ordering goods, services, and software from international vendors has become a standard business operation for many companies. Paying for these overseas transactions has been simplified thanks to technological advancements in the financial sector. However, the ease of making international payments often comes at a significant cost, which can quickly add up and […]
Situational Leadership
The approach that you take to managing your business often needs to change and adapt to changing circumstances. Situational leadership is a flexible and adaptive approach to managing teams, emphasising that there is no single best way to lead a team of people. The situational leadership model argues that effective leadership depends on the specific […]
Keeping business and private payments separate
Many business owners still pay private bills from their business account. This can significantly add to the workload in preparing business accounts in having to identify which is business and which is private and means many more transactions need to be processed than necessary. Yes, funds will be needed to be taken to meet personal […]
The power of podcasts
Podcasts are a powerful tool that can help business leaders and brands to engage with their target audience. Although they have been around for a while, podcasts remain very popular, and businesses can utilise them as an effective marketing tool. The conversational nature of podcasts is their primary strength, and a branded podcast is the […]
Building a more sustainable business
What can your business do to help create a more sustainable future? Sustainability remains a key area of focus for businesses and governments around the world. However, driving a more sustainable approach to business is not just something that large corporations do. Small to medium-sized businesses can also contribute to a sustainable future through energy […]
Directors Loans
All too often, directors treat the company bank account as if it were their own personal funds, and just help themselves to monies as and when required, just as they would have done if they were still a sole trader. However, these funds belong to the company which is a separate legal entity. If the […]