Bad Debt Relief

Suffering a bad debt can have a significant impact on a business, both to profits and importantly cash flow. The recent compulsory liquidation of Carillion plc on 15 January 2018 is a high profile example and there can be potentially significant knock-on effects to a business when a business that it has traded with collapses. […]

How often should I do my bookkeeping?

Bookkeeping….I do that once a quarter when my VAT’s due….. that’s ok, isn’t it? What is the answer when it comes to “how often should I do my bookkeeping? So how often should I do my bookkeeping? For most business owners, the accountancy/financial side of running your business is probably the bit that gets left […]

Spring Statement Summary

Spring Statement 2018   The Chancellor, Philip Hammond, presented his first ever Spring Statement on Tuesday 13 March 2018. Whilst A.A. Milne may not have appreciated the chancellor’s reference to two of his beloved characters, there was certainly a collective sigh of relief that Mr Hammond stuck to his word, with no new tax announcements […]

EIS or SEIS: What is the difference?

EIS or SEIS: What is the difference? The Seed Enterprise Investment Scheme (SEIS) and its big brother the Enterprise Investment Scheme (EIS) have quite a few similarities but it is also important to understand the differences and how they work with each other. If you are looking to raise money for your company from outside […]

Introducing external investors – a legal perspective

    Introducing external investors – a legal perspective   As explained by the Albert Goodman contributors, the availability of SEIS and EIS relief provides real financial benefits to investors and helps to de-risk investments in qualifying companies.  However, obtaining approval from HM Revenue & Customs (“HMRC”) and issuing SEIS and/or EIS certificates is only […]

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