-
Navigating capital gains tax
CAPITAL GAINS TAX EXPLAINED Capital gains tax (CGT) is the tax on the profit you make whenyou sell or ‘dispose of’ an asset that has increased in valueduring your ownership. It is important to note that the tax islevied only on the gain made from the sale, not the total sale price. CGT is important…
-
Becoming an employer
WHAT YOU NEED TO KNOW BEFORE TAKING ON THE RESPONSIBILITY Deciding to become an employer is a significant milestone forany business. It marks a phase of growth and the need foradditional support.In this guide, we will explain what becoming an employer entails, thesteps required, the key considerations, and the changes that comewith this decision. We’ll…
-
Business valuation:Knowing your company’s worth
ESSENTIAL KNOWLEDGE FOR ACCURATE MARKET ASSESSMENTS Understanding your business’s value is more than a number ona balance sheet – it’s a crucial indicator of your company’shealth and future potential. Whether considering a sale,seeking investment or planning strategic moves, a precise valuationprovides robust information.With this spotlight, we aim to guide you through the essentialsof business valuation,…
-
Wealth planning for you and your family
UNDERSTANDING THE BASICS OF FINANCIAL PLANNING Financial planning is undoubtedly the bedrock of successfulwealth management, serving as the critical first step in alifelong journey of financial growth and security. The processbegins with a thorough evaluation of your current financial situation,a crucial stage that involves a detailed analysis of your assets,liabilities, income and expenditures. This comprehensive…
-
Tax deadlines and penalties for limited companies
Managing a limited company requires meticulous attention to regulatory obligations, particularly with regard to tax and accounting. Financial compliance is punctuated by a series of key deadlines and potential penalties for non-compliance, demanding a proactive and informed approach from company directors. This guide delves into the intricacies of these obligations, offering a comprehensive overview to…
-
Debt management strategies
Managing debt effectively is an increasingly crucial component of personal financial health in today’s economic climate. With rising living costs and the easy availability of credit, it’s easy to find yourself in a situation where debt becomes overwhelming. This guide offers you practical and effective strategies tailored for managing your debt. Our aim is to…
-
Personal tax planning in 2024/2025
As we step into the 2024/25 tax year, it’s now more important than ever to take a proactive approach to managing your personal finances. Whether you’re navigating the complexities of income tax, considering investment opportunities or planning for your future, understanding the nuances of the UK tax system can help you make informed decisions. This…
-
Managing cashflow: Tips for small businesses
Managing cashflow effectively is critical for the survival and growth of your small business. It’s about planning, monitoring and controlling the money coming in and going out of your business, which ensures you have enough cash to cover your expenses and avoid insolvency. Given the nature of the economy and evolving business practices, staying updated…
-
How to improve your financial health
Improving your financial health involves strategic planning, informed decision-making, and constant adjustments. There are many factors to consider – so how do you know where to begin? While everyone’s circumstances are unique, there are steps you can take to enhance your financial well-being. Here are some actions you can employ to boost your financial wellness.…
-
Mastering business expenses
In today’s economic landscape, where financial acumen plays a pivotal role in the sustainability and growth of any business, the importance of effectively managing business expenses cannot be overstated. Recognising this critical need, we have developed this valuable resource for business owners. This guide aims to simplify business expenses within the UK, shedding light on…
moc.nrublawmadap@nimda
01452 720599