The outbreak of Coronavirus will inevitably impact all of our businesses. In the short term, the current situation is likely to have a significant impact on cash flow, with loss of revenues and productivity. Government support for impacted businesses is coming, but careful management of your short-term cash flow is essential for decision making such as prioritising payments, taking on new debt and negotiating payment plans with creditors.
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Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to tax, but also from a legal and administrative perspective, and how your business will be perceived.
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Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to tax, but also from a legal and administrative perspective, and how your business will be perceived.
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Have you come across Research and Development relief (R&D) before? If you own or run a company, this relief could be hugely advantageous to you.
HMRC are really keen right now to help companies in developing new and exciting products; these range from anything to developing mobile phone apps to creating a new part for a bike; if the product is new and innovative, it could be eligible for this relief.
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We're hiring! Do you know someone ambitious at an early stage in their accountancy career, who'd like to join a small friendly team in a relaxed environment?
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Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to tax, but also from a legal and administrative perspective, and how your business will be perceived.
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The prospect of Making Tax Digital (MTD) for businesses can be a scary one. There is much in the news about the administrative burden that this could become on sole traders, companies and landlords alike.
So what exactly is MTD for businesses, and where are we with progress?
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There are many ways to reward employees in a tax efficient way, and even though some of these can be complex, such as share option schemes, there are other ways of providing tax efficient or tax-free benefits which are very simple and often overlooked.
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Have you come across Research and Development relief (R&D) before? If you own or run a company, this relief could be hugely advantageous to you.
HMRC are really keen right now to help companies in developing new and exciting products; these range from anything to developing mobile phone apps to creating a new part for a bike; if the product is new and innovative, it could be eligible for this relief.
Continue Reading
The last couple of months have seen milestones for Frost Wiltshire.
At the end of January, Anna Frost left us for pastures new, marking the end of an era for us. We wish her lots of luck in her new role.
And then, at the end of February, we celebrated another milestone with the arrival of Emma Hooper, our first trainee Chartered Accountant.
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