Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if the disposal is of ‘business assets’ by a trader (including a personal trading company) then it is possible to defer the charge. Methods of deferral available for both self-employed and companies are via the purchasing
Every business owner dream to achieve success, but most of them don’t know how to get there. You need to do a lot of effort and smart work to turn your dream into reality. It is not something impossible. Success is achievable by combining different skills to combat both objective and subjective challenges during your
How to Succeed in Business – 10 Tips to Follow! Read More »
Congratulations, if you have decided to kick-start your business venture! It means that you have got a great idea. You’ve started working to turn that idea into reality with a viable business plan and have acquainted yourself with your potential client base. Now, you’re almost ready to start your venture, the only thing that is
How to Name a Business? 10 Tips For Naming Your Business Read More »
Throughout an accounting period, a director will withdraw monies from the company against the director’s loan account (DLA), the withdrawals being satisfied usually by the taking of a salary and/or bonus) and/or dividends (dividends being preferable as no NICs are payable) or by repaying the monies withdrawn. However, by the end of that period, it
If you want to improve the effectiveness of the marketing strategy of your business, you can’t overlook the importance of market segmentation. Many of the businesses fail as they produce the product or deliver a service, then they look for the customers to sell it. This approach is not right. You need to understand your
Why Market Segmentation is Crucial for your Business? Read More »
If you are up for getting a franchise rather than starting a new business, you need to do your research carefully beforehand to avoid the pitfalls associated with it. Read on to find out what is a franchise, how it works, what are its advantages and disadvantages and the ways to start a franchise. Before
What is a Franchise? Advantages and Disadvantages Read More »
Understanding what is VAT exempt in the UK enables businesses to save thousands of pounds every year. A lot of business owners and consumers have a hard time differentiating between exempt, zero-rated, and normal VAT products. This misunderstanding can lead to incorrect pricing. Whether it is selling cleaning products, offering insurance services, or a charity,
What is VAT Exempt in the UK? Breakdown of VAT Exempt and Zero-Rated Items Read More »
The Adjudicators Office (AO) is a little known but powerful government department independent of HMRC. Its remit is to rule on whether HMRC have handled a complaint ‘appropriately and given a reasonable decision’ however, their work is restricted to the following specific types of complaints: “Mistakes Unreasonable delays Poor and misleading advice Inappropriate staff behaviour
When HMRC can Write Off Arrears and the Work of the Adjudicators Office Read More »
Whether you’re a marketing professional or you’re just starting out, you can’t overlook the importance of an effective marketing strategy to promote and upscale your business. A top-notch marketing strategy demands a lot of toil and creativity. It helps you to fuel the process of buying and selling of your goods and services. So, to
What are the 4 Ps of Marketing? Read More »
Whether you’re thinking of selling your property, buying a new property, or already in the process of buying and selling in the UK, you might come across the term ‘Memorandum of Sale‘. But what is a Memo of Sale? What does it include? Why it is necessary? And who issues this document? Let’s find out
What is Memorandum of Sale? A Beginners Guide Read More »
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