A good business plan showcases the key objectives that a business wants to achieve and outlines the strategies it must take to achieve these. It will cover marketing, financial, operational, strategic and competitive elements that the business will need to address in order to achieve success. It is for this reason a business plan will be used to onboard new business partners, investors and other important stakeholders.
Help to Save is a scheme backed by the Government to help certain individuals build up their savings. The scheme works by giving people a total of a £ 1,200 tax-free bonus over a four-year period. All savings in this scheme are secure as they are backed by the government.
Claiming pre-registration VAT can be a tricky process as HMRC’s guidance isn’t very transparent. That’s why our team of accountants have created this mini guide to ensure you are aware of everything you need to reclaim all the VAT you’re eligible for.
Most successful entrepreneurs are good at thinking strategically, they can adapt to rapid changes and improvise to solve problems through innovative but realistic measures. The one thing that these entrepreneurs value the most over everything else is time, in order to save as much time as possible they hunt for business tools that can help them become more efficient and highly productive.
At its core, accounting is about preserving a balance between what you own and what you owe. Generally, your accountants will help you set up and organize your books. However, it is a good idea for business owners who are just starting out or do their own bookkeeping to understand the basics.
Raising capital is one of the most significant challenges that startups have to face. It is a lengthy and daunting process which may or may not be successful. However, if your efforts are successful, then all the tears and sweat you put in it, make your struggle worth it, as it gives you a chance to turn your dreams into reality.
From 6th April 2020, the way that Capital Gains Tax (CGT) on property gains is calculated and paid is changing. In this article, we will outline the new requirements and how you can take advantage of the new rules.
To take your business to the next level you need more than passion. You need a trustworthy team of people who are just as driven about your business as you are. That is why hiring the right accounting firm is one of the most important decisions you can make as an entrepreneur. Unseasoned entrepreneurs often limit their accountant’s role to creating and submitting their accounts and tax return.
If you are a high rate tax-payer you might be looking for ways you or your accountant can reduce your income tax bill. One way of doing this is through investing in a business. Luckily, there are many tax-relief schemes out there to make this activity more attractive. We will be explaining the different investment relief schemes available to help you make the right choice.
Businesses that fail never plan! Among the many useful tools that businesses use for planning, scenario planning has gained much ground due to its ability to analyse a wider range of scenarios in the long term, this helps to avoid short-termism and tunnel vision when strategising.