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Awesome! I Survived the pandemic restrictions to my business, I broke even and haven’t got any tax to pay! Or have I? To explore the subject of tax to pay, let’s drill into the numbers a little bit. Here is our imaginary company, Wobbly Candles Ltd. We buy and sell...

This is the first piece in a three-part series on our blog, shedding light on the creative industries reliefs made available to create content that is predominantly generated within the UK, checking out case studies where available, and perhaps looking at how things could be amended/improved. We kick things off...

Are you looking for a new way to incentivise your employees?  A key part of restructuring your SME into a limited liability partnership (LLP), is having everyone share proportionately in the business’ success and profits. Essentially, having a profit share model in place. The best part about profit sharing is...

As a small business owner you probably dread the thought of HMRC opening an enquiry on your business’ VAT returns. Over the last ten years we’ve assisted our clients with numerous routine VAT enquiries, and on the whole, we’ve found HMRC’s VAT officers to be supportive and helpful throughout the...

In the UK today, most people work in service-based and knowledge-based industries. These are industries which deal in intangible assets such as intellectual property: knowledge and know-how, patents, trademarks, copyrights and brands. This wasn’t always the case, but the pace of change has been accelerating. It’s only in the last...

Have you thought about switching your business structure from a limited company to a limited liability partnership but you kept running into these three concerns: “It won’t work for my business because we are too big.” “The industry we are in, I just don’t see it working…” “Management wise, what...

The concepts of group structures and holding companies sound very corporate. Like, really, obnoxiously corporate. The idea of having several companies owned by another company which, in turn, is owned by a bunch of shareholders can be daunting. And that’s not even mentioning the extra statutory burdens it seemingly places...

The last year has been tough on many businesses. Some are still feeling the effects of a decline in profits and cash flow from the pandemic and subsequent lockdowns as they try their best to keep their business running. Others may just be starting to climb out of the despair...

Are you considering buying a car? Will you be using that car for work? If you’ve answered yes to both of those questions, maybe you should consider buying the car through your business. There can be a lot of tax benefits to be had, especially if you’re considering getting an...

If you take stock of what you do in a day, how many of those tasks are repetitive? Sometimes all but a glorified box ticking exercise? These types of manual tasks that are repetitive, can be templated, and are perfect candidates for automation. But how do you know what automation...

If you’re a business owner, the chances are you will want to know how to increase the value of your business. It’s important for any entrepreneur or business owner to have an idea of what their company is worth, especially if they are looking to either raise investment or plan...

Are you claiming back up to 33% of your development costs? It’s a shame when brilliant ideas are left in limbo before they are able to come alive because of financial constraints. Did you know that most founders underestimate how much time their startup will need to achieve market validation...