Selling a business

8 min readSelling a business is often the culmination of years of work. It can be a difficult, emotional and time-consuming task. It is not something that many managers or owners do more than once. You have to get it right first time. This briefing outlines: The advice you will need. Grooming the business for sale. The …

The construction industry and VAT: analysing the changes

6 min readThe VAT domestic reverse charge for building and construction services comes into effect from 1 October 2019. Given the scale of the changes, it would be appropriate for businesses to plan for the reverse charge now. The reverse charge: an overview The reverse charge represents part of a government clamp-down on VAT fraud. Large amounts …

End of Year Tax Planning Tips

3 min readWith less than a month left of the current tax year, it is time to consider end of year tax planning opportunities. Pension and Gift Aid contributions Pension contributions and gift aid contributions made prior to the end of the tax year can help mitigate your tax liabilities – even more so when your income …

Self Assessment Tips and Advice

3 min readWe summarise the self assessment rules and penalties for failing to comply with your obligations. So how do you know if you should complete a Tax Return ? If any of the following were applicable to you then you may be required to register for Self Assessment and complete a Tax Return: Were self employed …

Top Three Accountants in Maidstone

1 min readLoucas have been awarded one of the Top Three Best Rated Accountants in Maidstone, Kent. Using a 50-point inspection, The Three Best Rated team based the Top Three Accountants award on reputation, history, value for money and reviews from clients.   The Best Three Rated team add, “we display only businesses that are verified by …

Can you claim vat back on your staff Christmas party?

2 min readWith Christmas fast approaching many Company Directors want to thank and reward their staff for their hard work. For limited companies, there are certain tax benefits on staff annual and Christmas parties and giving gifts to employees. Tax free staff Annual and Christmas parties For any annual event, be it a summer BBQ or Christmas …

Do you have a networking strategy?

3 min readDo you have a networking strategy? It takes time and commitment to build up and maintain an effective network, but in our experience these are resources well spent. As with so many aspects of business life, it pays to approach networking in an organised, strategic manner. Read our guide on tips to networking. Before the …

Ratio Analysis: Measuring Business Performance

2 min readRatios are calculated from an organisation’s financial statements and are an effective business tool in measuring its performance. By comparing the ratios to those of the previous year it is possible to determine whether a business is doing better this year than last year. It is also possible to compare ratios of one organisation against those …

Financing Your Startup – Part 1 working out how much you need

2 min readIf a new business is going to stand any chance of surviving then it is essential that you have sufficient financial resources in place to see it through its early stages and beyond. Those setting up in business have a number of different options available to them when it comes to sourcing funding for their …