With all the recent gloomy predictions for the UK’s economy, George Osborne today outlined a range of new measures intended to drive growth and support small and medium-sized businesses. Key points included in the Chancellor’s Statement were: A new National Loan Guarantee Scheme worth £20 billion will see the Government underwriting loans to small enterprises, [...]
It must be some six years ago I first met (virtually) Emily Coltman who was at the time working for a regional firm of accountants. Emily was not long qualified but she was very interested in new technology and how this could help the smaller business, so no wonder that Emily has ended up as [...]
In the world of small and medium sized businesses change is an on-going feature of running a business. Some of the changes that occur are beyond the control of business owners. Frequently these changes emanate from statutory obligations to which the business must comply. For example changes that are instigated by Companies House or more [...]
It is not uncommon for businesses to either be taken over by a larger company or to be put on the market as a going concern. As such both the buyer and the seller will be interested in knowing what the financial value of the business is. There are number of many different ways to [...]
Mileage rates from today, 6 April 2011, will be increased to 45p a mile for the first 10,000 miles. The rate for mileage over the first 10,000 miles will remain at 25p a mile. Technorati Tags: Mileage Rate Changes,HMRC,AMAP
With effect from today the personal allowance rate increases, this is the amount of income you can earn before you pay tax. The increase in this years (2011/2012) personal allowance takes the allowance from £6475 to £7475. There is also an increase in the National Insurance threshold employees (this includes directors), they will now be [...]
With effect from today small and medium sized businesses will benefit from a 1% reduction in the rate of corporation tax: Corporation tax will be reduced to 20% for small companies with effect from 1 April 2011 (down from 21%). Technorati Tags: Corporation Tax Rate,HMRC
If you are considering starting a home based business you will most certainly need to think about the formation of a business. It is likely that you may find that becoming the sole proprietor is the easiest and most appropriate choice to make in terms of the legal status of the business. What does it [...]
On Wednesday 23 March 2011 George Osborne delivered his second Budget to the House of Commons. The Budget Report 2011 is the first since the 2010 autumn’s spending review, which outlined the government’s cuts programme. In last year’s Budget Report, the Chancellor focused on cutting government borrowing whilst it is expected his second Budget Report [...]
Our full Budget Report 2011 will be available on our website tomorrow, but in the meantime the key announcements to Parliament by the Chancellor in Budget 2011 included: Growth forecast down from 2.1% to 1.7% in 2011. Inflation expected to be between 4-5% this year, dropping to 2.5% next year. The military action in Libya [...]
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