Latest Newsletters for Services
Latest Newsletters for Services
10th December 2021
Tax Loopholes for Middle England
Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying a salary of between…
21st July 2021
Top 10 tax elections to minimise tax
Individuals and businesses usually minimise their tax liabilities by claiming deductions, allowances, reliefs and exemptions. Where relevant, making tax elections is also a very effective means of tax planning. s222(5a) TCGA 1992 (Nomination of main residence) This capital gains tax election, often referred to as ‘flipping’, enables taxpayers, who own and reside in more than…
9th July 2020
Life after CBILS
The Recovery Loan Scheme – Government backed loans, 3 months – up to 6 years depending on the product – Up to £10m, no cap on 25% turnover (starting from £25k for term loans & overdrafts, and £1k for asset & invoice finance) – Up to £250k without a personal guarantee – Ability to take…
8th October 2019
Sale of Lettings Agency
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk has advised a well-established lettings agent on its sale to a national group. The Whiting & Partners Corporate Finance team were approached by their client when they decided to explore opportunities to sell their agency. The team, led by Corporate Finance Partner, Chris…
9th July 2019
Use of crowd funding to recapitalise your business
The Banks that like to say ‘No’: Raise finance through CrowdFunding instead. The green shoots have sprouted, the UK economy is on the rise and it’s never been a better time to start that expansion programme you were considering before the recession. However, you’ve seen your bank manager and they’ve DECLINED your funding application. All is…
3rd March 2017
Overnight Sweeping
Businesses and individuals with spare cash balances can maximise the interest earned on these sums by instructing their bankers to perform automatic overnight sweeping transfers between their current and deposit accounts. High street banks have traditionally offered low or even nil rates of interest on current accounts. It has therefore always been a fundamental cash…
8th November 2016
Flat Rate VAT
The flat rate VAT scheme is available to any business with annual taxable sales, excluding VAT, of £150,000 or below. Your annual taxable turnover includes standard, reduced and zero rated sales. Once you have joined the scheme you can remain in it until your total VAT-inclusive business income, at any anniversary of joining the scheme, exceeds £230,000.
8th November 2016
Sage50 Cloud Accounting
With the speed of internet connections increasing, combined with a reduction in cost, businesses are now considering operating their key software packages ‘online’. Broadband roll-out is nearing saturation point, meaning internet useage is transforming from a variable to a fixed cost, allowing you to ‘cap’ the total spend.
8th November 2016
Dividends Certified Eligible Remuneration Cost for EU Funding
By using approved CoMAv methodology, Whitings were successful in requesting that the European Commission reconsider their initial ruling that dividends are not eligible for reimbursement on FP7 projects. Many businesses work on collaborative projects, funded by the EC. These projects are regulated by the notoriously complex EC grant funding agreements. The most recent round…
8th June 2016
Business exit options
Three years ago, I was approached by business owners who wanted advice on exit planning. The owners had built up a successful business over 20 years and were now in their late fifties. The business is a leader in its field and operates with a high level of professionalism. The owners felt strongly that their…