The UK is known for being a hub of innovation, yet thousands of companies are missing out on R&D tax credits. Do you know what they are? Would you like the opportunity to claim £40,000 from HMRC?
Previous articles in this series have focused on measures to create and “lock-in” the value of a business in the course of the sale process: through incentivising the team, pre-transaction due diligence and planning, tax aware structuring of the deal and negotiation of the “earn-out”. In this article consideration now turns to protecting the value realised on the eventual sale.
If you are a small business owner you will know that there never seem to be enough hours in the day. There are always a thousand jobs to be fitted in, and accounts are often the last thing that you want to worry about.
Lars Ola Petters, CEO of leading purchase-to-pay provider Palette, discusses the problem of maverick spending and how organisations can gain control over purchasing
In 2013 I decided to apply for The Apprentice. Why? Because I was unsatisfied with both my role and the business practices of my then employer. In short, I wanted to start my own business, but with no idea about how or where to secure funding I jumped at the opportunity of battling it out to win a partnership with Lord Sugar and that all important £250,000 investment.
Companies House data shows a record 608,100 new UK businesses formed in 2015 – reflecting a cultural shift in the UK economy
Latest research estimates that investments made in technology via crowdfunding platforms are set to increase sevenfold from an estimated $1.1 billion in 2015 to $8.2 billion by 2020.
If there are two terms likely to induce a deep sigh and/or a slumping of shoulders, it’s HM Revenue & Customs (HMRC) and Self-Assessment Tax Return (SATR). And not without good reason.
The “earn out” is likely to comprise a very significant part of the overall consideration received on the sale of a business: possibly as much as 50% or more of the consideration may ultimately be attributable to it. An understanding of the role of the earn out, how it is structured and how it is taxed is therefore essential in any negotiation of the deal.
For anybody involved in running their own business, or with aspirations to do so, a visit to the bank for a loan is seen as a natural first step. Unfortunately, the days of being on first name terms with the local branch manager who would quickly sign-off whatever you need have long gone.