Venture capital is a disruptive innovation in the business and it has changed tremendously the way we do business by changing the dynamics and instruments of conducting a business. Venture capital has transformed the business fads and multiplied the chances of the success of a business. Since World War II, many businesses were able to
What is Venture Capital and Is It Right For your Business? Read More »
Every business calls for the settlement of some unsettled, ambiguous, and temporary calculations and entries in their ledger on a daily basis. Where should these entries be made in your bookkeeping record? Are these short-term records a part of assets or liabilities? What is a suspense account? And, how to manage a suspense account? Moreover,
What Is a Suspense Account? Read More »
Different types of indicators help business people and business analysts make crucial decisions. For example, they can decide on the number of products produced and the cost reduction. So, the business people can evaluate many Key Performance Indicators (KPIs) to make intelligent decisions, ultimately helping their business grow. The profit alone cannot provide you with
Why Should a Growing Business Never Overlook Contribution Margin? Read More »
While gauging the performance of a corporate business or publicly listed companies, different types of indicators are used by financial analysts. Various Key Performance Indicators (KPIs) are calculated to measure a company’s financial health. For example, liquidity and margin vs profit are the most commonly used measures to analyse the profitability of a business. Similarly,
Margin vs Profit: Why You Need to Track Profit Margins Read More »
When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time of ordering or after delivery. If the seller is VAT registered a specific type of invoice is required to charge VAT on sales or reclaim the VAT charged for goods and
Completing a VAT Invoice – What Entries are Required? Read More »
Of the sectors of the UK economy affected by the pandemic, it has been the travel and tourism sector that has been hit most. One area particularly hard hit being the Furnished Holiday Let (FHL) businesses which were required to shut for a large part of the 2020 and 2021 holiday seasons. The main conditions
Furnished Holiday Lets – Non-Compliance of the Rules – Implications Post Covid Read More »
Owners of successful businesses frequently use companies as a trading medium not least because of the tax benefits that can be achieved. When the time comes for the owner to retire or reduce their involvement there are two options – sell or pass to the next generation. If the latter, then there are ways to
Tax Issues on Transferring Shares to Family – Succession Read More »
The Annual Tax on Enveloped Dwellings (ATED) is a tax on high-value residential properties that are held within ‘an envelope’, such as company or a partnership with at least one corporate partner. The charge does not apply to properties held by individuals. The charge may potentially apply where a property in the UK which is
High Value Residential Property Let by a Company – Does the ATED Apply? Read More »
The family home is likely to be your most valuable asset. Consequently, when looking to reduce inheritance tax, it may seem sensible to try and give your home away before your die. From a capital gains tax perspective, as long as the property has been your only or main residence throughout the time that you
Giving Away the Family Home – Beware the Gifts with Reservation Rules Read More »
If you realise a chargeable gain on a UK residential property, you now have 60 days rather than 30 days in which to tell HMRC about the gain and make a payment on account of the tax that is due. A chargeable gain may arise on the sale of a residential property if that property
60-Day Window to Report Residential Property Gains Read More »
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