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.
It’s widely accepted that if you can bring on a Finance Director to help you in business, you should. Having a viable idea for a business doesn’t necessarily mean you know how to run the books – and the analysis, insight and advice an FD can offer your venture will be invaluable.
When you’re running a small business, it’s likely that at some point you’re going to have to deal with the fiddly issue of Value Added Tax (or VAT).
One of the more surprising announcements in the Chancellor’s Budget statement was changes to the way in which dividends are to be taxed from April 2016.
The way we manage, control and access our money has fundamentally changed. Gone are the days of paper cheque books and cash-only payments; now we’re in a digital-first world where, essentially, money lives online.