Acquiring a company can be a great way to expand your business. Alike merging, acquisition can bring new customers, distribution channels, skills and knowledge, whilst adding more resources into your business. In addition, it may also assist you to offer your own products or services. Nevertheless, with every great reward, there are great risks. To
What is Acquisition in Business? Reasons, Benefits and Tips Read More »
When an asset is placed within a trust it is termed as being ‘settled’. However, the tax legislation defines the word ‘settlement’ widely as including ‘any disposition, trust, covenant, agreement, arrangement or transfer of assets’. Therefore a ‘settlement’ situation may present itself within owner managed companies when a shareholder (or associate of a shareholder) enters
Settlement Provisions and Dividends – Settlement ‘Tests’ Read More »
Goodwill is considered an intangible asset in accounting that increases its value over time. The concept of goodwill arrives when you purchase a new business. Whilst acquiring a business, you not only buy its equipment, contracts, and inventory, but you also get its intangible assets like brand name, customer base, location, etc. You can easily
How To Calculate Goodwill with Simplified Valuations? Read More »
The excitement and aspiration of many business enthusiasts suddenly vanish when they came to know the pitfalls and challenges that come along, before starting a business. Obviously, setting up a business isn’t a bed of roses and it is not as easy & simple as it is portrayed. There are a number of things to
9 Things to Know Before Starting a Business! Read More »
Working from home during the Coronavirus pandemic created a range of tax issues, not least where private bills, such as for internet usage, were paid for by the company. The tax and NIC implications are different depending on who pays for the item or service and how the payment is made. The first point to
Tax and NIC Implications of Private Bills Being Paid for by a Company Read More »
Want to start your own business or expand the existing one? Wondering how to find a gap in the market? Read on this quick guide to know everything about how your business can stand out from the competitors in this saturated market by spotting a gap in the market. Finding gaps is one of the
Identifying Gaps In The Market: A Step By Step Guide Read More »
Whether you want to measure your business success; want to find out its performance and the areas where it needs improvements, you need to implement Key Performance Indicators (KPIs). These are quantifiable metrics to know how well your business is operating to achieve its goals and objectives. Let’s delve into the details of KPIs.
What are Key Performance Indicators (KPIs) and Why are they Important? Read More »
If you’re a business owner in the UK, you need to process payroll for your employees. Though it looks straightforward, but the legalities and requirements that come along with payroll make it difficult to process. Therefore, you need to know what is payroll, what is payroll process and how to do payroll yourself. Let’s kick
How to do Payroll Yourself in the UK? A Quick Guide Read More »
Spouses and civil partners benefit from special rules for capital gains tax purposes which allow them to transfer assets between them at a value that gives rise to neither a gain nor a loss. The transferee spouse/civil partner effectively takes on the transferor’s base cost. This can be very useful from a tax planning perspective
Making Use of a Spouse’s Allowable Losses Read More »
For hundreds of years, trademarks have been used on the traders’ goods to indicate their ownership. According to the UK’s Intellectual Property Office, “a trademark is the sign which can distinguish your goods and services from those of your competitors”. In this blog post, we’ll have a look at what is a trademark and how
What is a Trademark? Steps to Register a Trademark in the UK Read More »
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