Category Archives: Uncategorized

Your Single Most Important Business Decision ?

freefoto.com For business owners the most important decision when marketing their products or services is price. Two companies A & B compared Two identical companies selling the same product or service. One company prospered the other failed and became insolvent. …

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TAX – Tip

Freefoto.com You may be in a fortunate position as an employee, that is, if you are employed by a specially listed firm, one that is allowed to run a SAYE scheme. SAYE is a win-win situation for employees. Your only …

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Tax Tip – Stamp Duty and Land Tax

If you are considering buying a house on behalf of your children, perhaps in a town close to a university, you would be well advised to act now. Last year’s budget provided a reprieve or houses bought for £250,000 or …

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Extracting cash from your business as dividends ?

©Ithica Publishing Services Many business owners rely on dividends as a tax efficient means of cash extraction from their business. Whether you should choose dividends as a your prime source of income is open to question, as there are a …

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Taxation of Trusts

freefoto.com The Finance Act 2006 has had considerable impact on trusts and particularly with regard to the taxation of trusts. It has been widely regarded as a “sledgehammer to crack a nut” as the amount of additional revenue from the …

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Worldwide Protests over Capitalism

…and it’s lack of values in developed societies have led to protests worldwide, including the protests outside St Paul’s Cathedral. Dissatisfaction over economic inequality and behavior of banks and other financial firms has inspired protests spread across the world. It …

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Expand Overseas and Pay less Corporation Tax ?

© Ithica Publishing Services In recent years there have been numerous takeovers of British companies, this has led to calls for legislation to protect our domestic market from overseas rivals. BAA and O2 were taken over by Spanish companies; the …

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Business Protection – a taxing subject

Our previous blogs have pointed out that in our experience as many as 90% of business owners have inappropriate business protection arrangements. In addition we have stated that it is possible in many instances to arrange life insurance so that …

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Venture Capital Trusts

Freefoto.com Venture Capital Trusts (VCTs) are investment trusts that invest in small companies who require finance in order to further develop their business. Because VCTs invest in small companies which are in early days of development, they are higher risk …

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Company Directors – life insurance – 50% off – buy now!

© Ithica Publishing Services If you’re a company director and you have life insurance in place to protect your family, you could be paying more tax than you need to. There is often confusion around the setting up and establishment …

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Strategic Business Planning – The GAP concept.

free-foto.com As a business owner you should be able to leverage your business and dynamically improve your future if you develop your strategic planning using the GAP concept. We all have the capacity in our brains to imagine our financial …

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Tax Avoidance & Financial Planning – Enterprise Investment Schemes

The tax reliefs available under the EIS are not considered to be avoidance of tax. Therefore they need to be carefully considered if you wish to relieve capital gains tax or income tax. Enterprise Investment Schemes (EIS), are tax efficient …

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Retirement Planning – Improve your income from your pension

© Ithica Publishing Services New legislation allows for higher pension payments than currently available in income drawdown. This new way to increase the amount you take from your pensions is termed Flexible Drawdown. As the name suggests this option is …

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Limited Liability Partnership Agreement

© Ithica Publishing Services Following our recent blog post on forming a Limited Liability Partnership, we alluded to the possibility of receiving poor quality advice both on the formation of an LLP and the tax consequences of an improperly planned …

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Cash boost for business owners ? A financial planning conundrum!

In a recent blog post, we highlighted the difficulty small businesses have been having in borrowing from banks. Research at the time suggested 28% of small business loan applications were being rejected, and official figures released last week painted a …

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Has Your Bank Sold You a Swop ?

Like most advisers we carry out regular review meetings with clients and their accountants. I expressed my concern to a company accountant that his client had been sold an “interest rate swop” by his bank. This effectively locked the company …

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Limited Liability Partnerships (LLP) – this could improve your retirement and tax planning

We have had a number of enquiries recently from business owners considering setting up an LLP. There are numerous advantages in setting up an LLP particularly if you also own a Ltd company. It is essential to ensure that you …

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Footballers helping keep economy on the ball

© Ithica Publishing Services If you’ve ever wondered if there could possibly be any justification for the stratospheric wages of professional footballers, we may just have an answer for you. Players in the Premier League contributed £458m in income tax …

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Bank Overdrafts

If you have a substantial overdraft facility from your bank, have you arranged this on a redeemable overdraft basis or a non redeemable basis? Let me explain suppose the overdraft facility is £100,000 and being fully utilised, having a fully …

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Self Help books, tapes, cd’s and dvd’s help only the publisher claims Sunday paper

© Ithica Publishing Services A recent article in Sunday newspaper made the claim that self help books are of little or no use and that the promoters of such aids are over inflating the claims of what they can achieve. …

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