If you’re thinking about buying a business, entering a joint venture, or investing in another company, due diligence is your best friend. It isn’t about confirming that every number is 100% accurate. Instead, it’s about shining a light on what matters most – the risks, the red flags, and the deal breakers you might otherwise […]
Funding Options to Manage Rising Employment Costs
Rising employment costs are squeezing businesses across the UK. National Insurance changes and increases to the National Living Wage are hitting payroll hard – and for many business owners, it’s becoming a real challenge to keep margins healthy. First, understand what the data is showing If you’re feeling the pressure, you’re not alone. Then, consider […]
How We Help You Find the Right Buyer for Your Business
Selling your business is a big moment. Done well, it can be the reward for years of hard work and the start of a new chapter. Done badly, it can mean regret, delays, and lost value. It starts long before you plan to sell A successful exit rarely happens by chance. The earlier you start […]
Banks to stop taking tax on interest paid
From 6 April 2015 you won’t have to pay tax on interest received if your total income is less than £15,600. As part of a wider relaxation for savers, the recent Budget pledged to introduce a Personal Savings Allowance (PSA) from 6 April 2016. The main features of the new PSA are: If your taxable […]
First time buyers savings plan
If you are a first time buyer a new savings scheme introduced in the Budget last week is well worth considering. Nick named the Help to Buy ISA, the ISA will allow you to save up to £200 a month, and if you fulfil the various conditions set out below, the Government will boost your […]
Stolen mobile charges to be capped
Major mobile networks have confirmed plans to introduce protection for consumers from huge bills run-up on stolen mobiles following Government action. Under the voluntary agreement, five mobile networks – EE, O2, Three, Virgin Media and Vodafone – will protect around 27 million consumers on pay monthly contracts from being hit with shock bills through no […]
Corporate Divorce
Going your separate ways is never easy. If your business partner decides he or she wants to leave the company you both started twenty years ago, you must move forward without destroying the business you have worked so hard to build. As the remaining business owner, your first step is to determine whether you are […]
Pension freedoms to be extended to annuitants
The Chancellor has announced that the government will extend its pension freedoms to around 5 million people who have already bought an annuity. From April 2016, the government will remove the restrictions on buying and selling existing annuities to allow pensioners to sell the income they receive from their annuity without unwinding the original annuity […]
Budget Statement 18 March 2015
Personal Tax and miscellaneous matters Personal Tax allowance The personal allowance for those born after 5 April 1948 will be increased to: For 2015-16 – £10,600 For 2016-17 – £10,800 For 2017-18 – £11,000 From 2016-17, there will be one Income Tax personal allowance regardless of an individual’s date of birth. Income Tax rate bands […]