Maximising benefits for your business We are now within the final two months of the tax year, and for many businesses, the end of the tax year is also the end of the business’s financial year. This can be a good time to review your business tax planning to ensure…
Unlocking the value of your business Cornwall Insight predicts a decrease in domestic energy prices this April, potentially followed by a Summer dip. This welcome news could ease inflation, a major contributor to the UK’s economic woes. Lower energy costs might lead to reduced interest rates, fostering a more optimistic…
A Comparison for Buyers and Sellers In the UK, prospective business buyers can opt for either an asset sale or a share sale, each with distinct differences and implications. The choice between the two depends on individual circumstances and objectives. Asset Sale vs. Share Sale Comparison: Asset Sale: Involves purchasing…
The Economic Crime and Corporate Transparency Act received Royal Assent on 26th October 2023 and will introduce a number of changes over the next few years. The act gives Companies House the power to play a more significant role in tackling economic crime and supporting economic growth. Over time, the…
A client recently asked us to check a letter they had received, as they felt it was suspicious. The letter looks as though it has come from HMRC with an urgent request regarding Web Filing Access for Corporation Tax. The letter looks very authentic and a great deal of time…
In the digital era, leveraging digital marketing offers a multitude of advantages that empower businesses to flourish and outpace their competition. Let’s take a look at the various ways in which digital marketing can be a game-changer for your enterprise. Cost-Efficient Marketing Solutions: Digital marketing presents a more cost-efficient alternative…
The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. Recently, we have been helping a number of our entrepreneur clients develop successful, tax efficient exit strategies. There…
Taxpayers could take advantage of four key benefits when filing their tax return early, HM Revenue and Customs (HMRC) has stated. The Self-Assessment deadline for the 2022 to 2023 tax year is 31st January 2024. Taxpayers who file early will have more control over their financial affairs and beat the…
Welcome to the June 2023 Tax Update. In this edition we take a look at share options for employees, HMRC’s rate of interest, employee’s private fuel, advisory fuel rates for company cars, and this month’s events on the accounting horizon. If you need any help or advice on any of…
For limited companies, when it comes to making decisions, Company Law states shareholders who own more than 50% can pass a motion at a company meeting regardless of the views of other shareholders and if a shareholder(s) owns 75% or more of the shares they control the company outright and…