Are you planning to start a new business? We understand that starting a new business can seem like a minefield. What do you need to do? What and who do you need to know? Where and what do you need to register? How to register? What records should be maintained? What options do you have for using Cloud accounting? How can you minimise your tax liability while maximising your profits?
The Chancellor, George Osborne stood up in the House Commons to detail the largest series of public spending cuts seen in decades.
In many ways the spending reductions made by the Chancellor were largely anticipated. The size of the current deficit has grown to over £160 billion this year and it was acknowledged by most that decisive action needed to be taken in order to head off a deeper deficit problem in years to come.
There is one main rate of corporation tax of 19%. The corporation tax rate is to reduce to 17% from 1 April 2020.
The Department of Energy and Climate Change will find that its resource spending is to be reduced by 18 per cent in real terms over the next four years.
Finance and legislation are at the heart of every business. It may be a question of boosting profits, managing costs, ensuring that operations and processes are as efficient as possible, or securing the funds necessary for growth and expansion.
The government has committed itself to £30 billion of investment in the transport system but has also announced that capital spending by the Department of Transport is to be cut by 11 per cent.
One of the headline statements in the spending review was the anticipated confirmation that the state retirement age for men and women is to be equalised at 65 by November 2018.
Like most other government departments, HM Revenue and Customs (HMRC) is to lose some of its budget as a result of the spending review.
It was widely expected that the spending review would focus on welfare funding. One of the areas to be affected by the cuts is employment.
The response to the Comprehensive Spending Review was, of course, mixed with some condemning the severity of the cuts while others applauded the boldness and approach to the announcements.
Even the strongest relationships can suffer in times of adversity. Good planning is an essential part of creating a successful business partnership. Our guides provide information on important aspects of your partnership, such as setting up a formal agreement and planning for the unexpected. It is essential to seek our advice with regard to partnerships matters.
No matter how much cash there is in the bank or how large its stock is, a firm's most valuable asset is its employees. Taking care of your staff can make the difference between an ordinary business and a truly successful one.
A strategy to maximise the assets of your business on its sale requires patient, advance planning.
