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Small Business Saturday - 1 December 2018

Did you know that there is going to be a Small Business Saturday on 1 December 2018? We have reproduced below some of the help that will be available. Access finance available to support small businesses Are you and your business looking to start up, scale up or stay ahead? Start...
1 month 1 week ago

Are you in training for the Brexit Marathon?

March 2017 was the date we declared we were going to exit from the EU. This set the deadline for our national drawbridge to be raised on the rest of Europe at the 29 March 2019. This is the first time we have separated ourselves from our largest trading partner since we joined the...
1 month 1 week ago

Up to �1m tax break for investment in qualifying assets

The Chancellor picked out business investment as his preferred give-away to the business sector in his Autumn Budget 2018. The Annual Investment Allowance is being increased from 1 January 2019, to £1m from the present base level set some years ago of £200,000. The increase is due...
1 month 2 weeks ago

Did Philip Hammond save the High Street?

In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises. One of these was measures to improve the lack-lustre retail sector in our city centre areas. There is no doubt that the major online retailers, Amazon and the like, have caused a major shift in...
1 month 2 weeks ago

Autumn Budget 2018

Personal Tax and miscellaneous matters   Personal Tax allowance The personal Income Tax allowance for 2019-20 will be increased to £12,500 (2018-19 £11,850). It will remain at this increased level for two years. Changes to personal tax allowances will apply to the whole of the UK...
1 month 2 weeks ago

Taxing dividends

To reduce National Insurance costs, shareholders of small privately owned companies, who are also working directors of the company, can presently restructure their remuneration package to reduce their salary and make up the difference as dividend payments. Unless this strategy is...
1 month 3 weeks ago

Exporting goods to the EU with a no-deal Brexit

Last week we considered the effects of importing goods from the EU if a no-deal Brexit occurred. This week we are considering matters that government has published for exporters to the EU. A summary of the comments made in recent announcements is reproduced below. After the UK...
2 months 1 hour ago

Is this a good time to invest

This article considers the question: should businesses invest in new equipment or other long-term capital acquisitions at this time? In truth, no one knows what the impact of the Brexit will be? Brexiteers believe that the floodgates will open, and the rest of the world will rush to...
2 months 2 days ago

Exclusivity and tax relief

In order to qualify as a deduction for tax purposes we have to demonstrate that the expenditure was incurred “wholly and exclusively” for the purposes of our business or employment. We will also need to consider a further criterion: where the expenditure has a duality of purpose....
2 months 1 week ago

Importing goods from outside the EU

Although the Brexit issue is not yet decided it may be salutary for businesses to consider the changes they will need to face if we depart with a no-deal Brexit. We have touched on these issues in past articles posted on this blog, but today we have reproduced the present regulations...
2 months 1 week ago

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