In this section you will find information for our current and future clients. We aim to provide you with information that will help you to run your business by making financial terms and concepts more understandable.
Money Laundering and the Proceeds of Crime
Recent times have seen tough new rules introduced to crack down on money laundering and the proceeds of crime. The new rules affect a wide range of people and in this factsheet we consider how your organisation may be affected.
Child Tax Credit
This factsheet explains whether you or your spouse/partner are entitled to the Child Tax Credit and the childcare element of the Working Tax Credit.
Inheritance tax (IHT) is levied on a person’s estate when they die, and certain gifts made during an individual’s lifetime.Most gifts made more than seven years before death will escape tax. Therefore, if you plan in advance, gifts can be made tax-free: the result can be a substantial tax saving.
National Minimum Wage
The National Minimum Wage (NMW) was introduced on 1 April 1999. There have already been a number of instances of employers being penalised for not complying with the legislation. HMRC are the agency that ensures enforcement of the NMW.
The Business Plan
Every new business should have a business plan. It is the key to success. If you need finance, it is very unlikely any bank manager will lend money without a considered plan.
It is one of the most important aspects of starting a new business. Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results.
READ MORE: THE BUSINESS PLAN
Business Start up Help
It is the ambition of many people to run their own business. Some may have been made redundant and find themselves with free time and financial resources. Others make the decision to start up in business to be more independent and obtain the full financial reward for their efforts.
READ MORE: BUSINESS START UP HELP
Which Business Structure?
Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are taxed, your exposure to creditors and other matters.
READ MORE: WHICH BUSINESS STRUCTURE?