Solvency Ratios

We are currently entering a period of economic downturn, in this climate it is more important than ever to check the solvency of other businesses before dealing with them. There are a number of solvency ratios but they all have a common purpose – to measure business risk, specifically the risk attached to your ability…

How to win salesperson of the year

Invariably in preparing for a sales presentation the question comes up – “Just how am I going to convey to these clients that what I have to offer will suit their needs best?” These tips will help you create a winning pitch. Know your prospect It is vital that you have a solid understanding of…

Form A Strategic Alliance

Looking for a smart way to grow your small business? A strategic alliance may be the answer. A strategic alliance is essentially an agreement, formal or informal, to combine efforts with another business. The project may range from leveraging better prices from suppliers by bulk buying to building a product together with each partner carrying…

What is your business worth?

If you are planning to sell your business it’s clearly an advantage to have an objective idea of what it is worth. Remember though ultimately a business is worth what a buyer is willing to pay, it’s easy for a seller to undervalue and lose out in the deal, or to unrealistically overvalue and miss…

Good news for those working from home

Working from home allowance You may be interested to learn that HMRC have increased the tax free allowance that employers can pay their employees if they are required to work from home. The allowance is intended to compensate employees for the additional costs of home working, heat and light etc. From 2008-09 onwards the allowance…

Owning an overseas property through a company

To accommodate non-UK tax considerations, a growing number of UK taxpayers have been advised to purchase property abroad by using a company to make the purchase. Potentially this created a risk that owners who were directors or shadow directors of the company, would be assessed on their private use of the property as a benefit…

Claiming expenses without a receipt

In certain circumstances it may be possible to claim expenses from your employer and not be required to include a formal receipt. In brief the company can set ‘scale rates’ for frequently incurred expenses and get these rates agreed by HMRC. New guidance has been published by HMRC which empowers employers to set scale rates…

The 10% tax rate saga

In order to deal with complaints from its backbenchers Gordon Brown, or more accurately his Chancellor Alistair Darling, has announced two changes to the taxation of earnings for 2008-09. The changes attempt to compensate taxpayers on low earnings who were disadvantaged by the loss of the 10% starting rate of income tax. The additional changes…