Owners and company directors can choose how and when to extract funds from their business. Yet with almost every extraction resulting in one tax charge or another, it’s important to understand how best to take money out of your business. Salary Taking all of your income as
Read more →On the 25th May 2018, the law around General Data Protection Regulation (GDPR) changes. From this date, it will be illegal to contact anyone, including customers and prospects, with business messages without their permission. GDPR covers any sort of data about an EU citizen, whether that’s names,
Read more →Ministers have announced that they’re changing how they implement Making Tax Digital. Under the new rules and timetable, businesses will only have to keep digital records and update the taxman every quarter from 2020. Starting in 2019, businesses with a turnover above the VAT threshold, currently £85,000,
Read more →Confidence amongst UK SMEs is on the rise, according to new data from business advisory group, Champion Accountants. The annual SME outlook survey revealed that SMEs re focussed on growing their business during the next 12 months, with the economy (40%), cash flow (34%) and competition (23%)
Read more →Manchester-based financial advisors, Champion Accountants, are urging business owners to ask more of their conveyancers when purchasing residential properties through their company as three of the firm’s clients have recently been affected. Whilst the stamp duty rules for individuals purchasing their second residential property is well-known, the
Read more →In recent years, advances in digital marketing have both helped and hindered SMEs in their online lead generation, depending on the approach taken. It’s a bit like what’s happened in the music industry, where ease of access to the technology has led to more content, but not
Read more →The implementation of the EU Fourth Money Laundering Directive will result in increased transparency of who owns and controls companies in the UK. The changes will affect the requirements to notify Companies House of changes in Persons with Significant Control (PSC). How will you be affected? From
Read more →Our R&D clientele isn’t made up by scientists but varies from start-ups to breweries, manufacturers and IT specialists. Here we bust five common misconceptions business owners have about R&D and their eligibility for the relief. 1. R&D is just for people in lab coats developing the next
Read more →If you are resident in the UK for tax purposes and have bank accounts, assets, investments or any sources of income arising overseas you could owe tax in the UK. Since 2016, tax authorities around the world have been sharing large amounts of information about people’s financial
Read more →The ransomware cyber attack on the NHS and other organisations across the world on Friday last week has been described as perhaps the worst cyber incident in history by some cyber experts certainly in terms of the number of organisations affected. The profile of targets like the
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