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The Importance of Estate Planning for Business Owners

Estate planning was once the preserve of the wealthy but these days it is extremely important for everyone, especially business owners. Nobody likes to think about the inevitable but when you run a business you know better than most that the key to success is planning.

As a business owner, your family probably rely on you as the main source of income, so if the worst was to happen and you...

How to ensure you choose the right R&D tax credit adviser

A Guest Blog by Matthew Jones, ACA CTA, R&D Tax Credit Expert.

It is no secret that HMRC are enforcing a variety of measures to prevent abuse of R&D tax credit claims following the recent identification and prevention of fraudulent attempts totally over £300 million. This is a loud and public warning. Choosing the wrong adviser can potentially place...

Where do we go from here?

A Guest Blog by Graham Wingar, Financial Expert.

At the beginning of the year we would have seen opinions ranging from “COVID-19 doesn’t exist” to “The whole world is going to end”. Now with more understanding about the health effects of the virus and how it may impact the economy we can take a more balanced view.

As part of our quarterly investment update, I have g...

Tax Relief for Business Property Owners

Money, or the lack of it, is a concern for businesses at any time but during the current economic environment it takes on even greater significance. Business owners are constantly looking at ways to reduce costs without sacrificing quality or raise margins without losing customers, and even for businesses robust enough to survive the worst economic crisis on record, every pound counts.

So...

R&D tax credits, what are they and how do you get them?

Can you imagine as a business owner being entitled to thousands of pounds and not even knowing? How frustrating would that be? Sounds too good to be true, does it? Well it is true and thousands of businesses across the UK are failing to take advantage by not making a Research and Development (R&D) tax credits claim.

In fact, recent research suggests that less than 20% of eligible SMEs...

The improved Coronavirus Business Interruption Loan Scheme

When the Coronavirus Business Interruption Loan Scheme (CBILS) was first launched last month, it was welcomed with open arms by businesses across the UK. However, it soon became apparent that the CBILS was not the panacea that businesses hoped it would be and it wasn’t long before the scheme started attracting criticism.

In response to this, Rishi Sunak, the Chancellor of the Exchequer, r...

The self-employed have not been forgotten

The loudest noise heard on Thursday was at 8:00 pm when applause for the Clap For Our Carers campaign supporting our valiant NHS staff reverberated throughout the UK. But the cheers from millions of self-employed workers a few hours earlier were not too far behind on the decibel scale.

This eagerly awaited announcement was exactly what the nation’s self-employed have been patiently waitin...

Coronavirus: Help for Welsh businesses

With business owners throughout the country unsure of what the future holds it is reassuring to know that the Welsh Government has pledged to invest almost £1.4 billion to help businesses during the Coronavirus crisis.

You may wonder why businesses in Wales were not included in the initial statement from Chancellor Rishi Sunak but that is due to the fact that business rates and small busi...

Who’s looking after your books?

You wouldn’t let anybody look after your legal matters, would you? And would you take financial advice from someone you met in the pub? Hopefully not. Ok, what if you were ill, would you seek help from any Tom, Dick or Harriet? Of course not, you’d make an appointment with your doctor.

So, when you entrust someone to look after your business’s finances you need to make sure they are fully...

SME’s spending more on tech services

A recent report into the spending behaviour of more than 133,000 small-and-medium-sized enterprises (SME’s) in the UK over the past 10 years has just been published and makes interesting reading.

We’ll take a look at some of the pertinent points from the comprehensive report now. The global report actually covered a total of 250,000 SME’s across the UK, US, Canada, France and Australia wi...

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