Profit and turnover levels are often the two most prominent factors business owners consider. However, the significance of cash should not be underestimated. Increased cashflow scrutiny is often afforded in more challenging times, but can be equally important in supporting future growth plans. Challenging times Cashflow problems are typically one of the first signs a […]
A succession plan is a key aspect of any business strategy and requires some considerable thought. Here’s 3 tips to consider for your business: 1. Plan for succession now, not later It is never too early in the life-cycle of your business to have a succession plan in place. In an ideal world you will […]
Increasing regulation complexity brings with it an enhanced risk for business owners paying themselves ‘illegal’ dividends. With many directors of owner-managed businesses paying a portion of their income as dividends, there is a material risk of directors becoming personally liable for company liabilities. Amidst the backdrop of the pandemic, and an upsurge in companies becoming […]
An extra 2% Stamp Duty Land Tax (SDLT) charge now applies if you’re purchasing a residential property in England and Northern Ireland but you’re not a UK resident. Introduced last week (1 April 2021), the surcharge applies to freehold and leasehold property purchases and on rents on the grant of a new lease. Purchasers who […]
