VAT MOSS: A new VAT MeSS for ambitious digital, tech & creatives

Unless you’ve been hiding under a rock someplace, you will have heard the screeches of uproar regarding the new VAT rules introduced from 1 January 2015 in relation to the supply of ‘electronic services’. Coined a #VATMESS on Twitter, this is all part of an exercise to ‘harmonise’ EU VAT rules to prevent unfair competition … Read moreVAT MOSS: A new VAT MeSS for ambitious digital, tech & creatives

Get a great new car like a Tesla Model S and save tax too!

I have been salivating over the new Tesla Model S that has recently been introduced in the UK. It carries a fairly hefty price tag but given its space-age interior, high performance and ‘cheap as chips’ running costs (its 100% electric) its hard to ignore. The good news for company owners is that there are … Read moreGet a great new car like a Tesla Model S and save tax too!

What is a Company Annual Return?

What is a Company Annual Return?

Every UK company is required to file an Annual Return. This is not to be confused with the annual statutory accounts or annual corporation tax return. The Annual Return is a snapshot of the foundations of the Company at the made up date so it includes details such as: Company Name Registered Office Directors / … Read moreWhat is a Company Annual Return?

Buy 10x more equipment and get 100% tax relief!

Not overly helpful to the majority of fast growing UK companies but the annual investment allowance for expenditure on machinery, equipment, furniture etc went up from £25,000 to £250,000 with effect from 1 January 2013.

This means that you could purchase (in theory!) £250,000 of laptops, tablets, desks, chairs etc in a financial year and receive a 100% tax deduction against your taxable profits.

So just imagine, you could splash out on:

and receive £250,000 tax relief!

Not very likely – but still, nice to know….

Watch out for financial accounting periods that straddle the 1 Jan 2013 introduction date as you’ll need to calculate how much qualifying spend is eligible under the ‘old’ £25,000 limit to 31 Dec 2012 and how much falls within the new much higher limit from 1 Jan 2013.

As ever, timing is everything!

(And no, cars do not qualify for relief under this Annual Investment Allowance (AIA) )

 

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You know your key business performance numbers – right?

Every business has its own particular key numbers. Mine has them. Yours has them. But do you know what they are and, if so, how are you measuring them? If you are seeking to build a sustainable business you must hunker down and look at the numbers. Many business owners despise the thought and try … Read moreYou know your key business performance numbers – right?

10 tax tips for fast growth companies seminar

I am looking forward to co-hosting a seminar at lunch-time today on: 10 tax tips for fast growth companies The seminar is pitched at companies from startups through to more established companies as we walk them through the sorts of tax issues and opportunities they should consider as they seek to grow profitable companies. We … Read more10 tax tips for fast growth companies seminar

Pitching for Management – Manchester – 12 October 2011

Do you want to take your business onto its next stage of growth? Do you need to find some senior talent to help you do this? We are partnering with AngelNews for its latest Pitching for Management event in Manchester on 12th October. This will be the perfect event for exciting businesses to find senior … Read morePitching for Management – Manchester – 12 October 2011

5 tips for securing funding – Bill Morrow: Angels Den

Bill Morrow, founder of the Angel Network, outlines 5 top tips for entrepreneurs seeking funding from VCs: Make sure you can explain your business quickly and succinctly. If it takes you more than 5 minutes, then you’ve yet to get it nailed. Back to the drawing-board for you! Outline the pain that your product or … Read more5 tips for securing funding – Bill Morrow: Angels Den

Crowdcube: A useful funding option for UK startups and fast growth companies?

Crowdcube presents an interesting angle on an idea I’ve been pondering for a while: “How can we open the door for armchair investors to (partially) fill the funding gap suffered by UK startup businesses whilst providing a more interesting and varied investment opportunity compared to say traditional pension or ISA investment offerings?” Business angel investor … Read moreCrowdcube: A useful funding option for UK startups and fast growth companies?