Can you afford to receive one of the now infamous mistake letters from HMRC? We are told that its all due to computer error and systems not talking to each other. Have you tried getting in touch with HMRC direct to sort out any issues with them? A recent tv documentary highlighted the lack of […]
So proud and loud at the premier top spot has to be doing it all yourself, so then; Either you or your spouse/parnter doing it all yourself with no previous knowledge, although you were good at maths, so think that this will help you do it all correctly. Hang on though, didnt you start this […]
Over the last few days there have been many cries about bank charges and how prohibitive they have now become, add this to the fact that many existing bank clients are having overdraft reduced and rates increased when renewal comes around, its no wonder bank are now being accussed of ripping off customers. One big […]
Working Capital is the lifeblood of any business, be it for subsistence or expansion. With the recession now officially being over, businesses NEED funding in order to profit from the upturn in orders and business. However, the effect of the recession means that companies may have had cash-flow pressures over the last few years from […]
Tax return – is that a ‘dirty’ word to you? Does it bring you out in a rash? Or are you one of the organised and have already done it? I know that from experience that a lot of people put their heads in the sand and leave it to the last moment, then suddenly […]
A few points to sumarise the main affects the budget will have on business in the forthcoming year. The salient points then: RBS and Lloyds are to provide a total £94 million in business loans, with half of that being lent to small businesses Firms who wish to complain about receiving unfair treatment re being […]
To incorporate or not?
This is the one question that constantly arises from traders, about whether or not they should operate their business as a soletradership, or as a limited company.
Like all decisions in life there are plusses and minuses, and NO right answer.
There are a myriad of issues in respect of commercial reality, tax mitigation, perception to customers and suppliers, and the feel good factor.
If you are a start up or an existing business, getting the money right is the difference between success and failure. One of the main reasons a business fails is due to poor or inadequate funding.
When you go into business, one of your aims is to grow and be a success and getting the right finance in place is all part of that. The first step then is preparing a business plan that the bank will like and get all the relevant information from. Your business plan should map out the direction you intend heading in and how you are going to make it happen.