In the News
Finance Options for Small Businesses and Start-ups
Depending on the products or services your company offers and the associated production costs, having access to a little bit of cash can make all the difference when you want to create more lines, reach new markets or expand to meet demand. Start-up businesses often face barriers to accessing finance because there is no proof
Building Strategic Relationships for Better Business
We were discussing the etymology of phrases in the office the other day and I learned that the phrase “I’ll scratch your back, if you scratch mine” is over 400 years old and refers to giving an offender a light lashing in the English Navy. The person whipping the crew member tied to the ship’s
Mortgage Interest Tax Relief Changes for Landlords
Advice for Individuals and Ltd. Companies If you don’t own more than one property the changes to the landlord’s tax relief may have completely passed you by, but for those individuals that have just a handful of rental properties, profits are crashing before their eyes. The 2017-18 tax year will be the first in which
From Sole Trader to Limited Company – Should You Make the Change?
If you have run your business as a sole trader with relative ease, you will be understandably cautious about incorporating it due to the extra obligations and associated costs. However, there will be a right time for many people when they can benefit from the tax savings, having limited liability for the business, developing more
How to Prepare for Your First Self-Assessment Tax Return
Starting a new business or sole trader venture can be stressful, worrying and confusing, and then someone mentions being ready for year end, accounts or filing your tax return – these feeling are likely to multiply and questions flood into your brain about where to start. HMRC also requires some employed people to file a
Recent Changes at HMRC – Are You Affected?
HMRC employs the equivalent of 56,000 full time workers and is responsible for income tax, corporation tax, capital taxes, National Insurance contributions and the climate change levy… to name but a few. While it is therefore understandable that the Government department changes its priorities and regulations, often it leave individuals and business frustrated. One advantage
How Can Small Businesses be Sure of Complying with the New GDPR?
As the UK quickly moves towards the enforcement date of the new General Data Protection Regulation (GDPR) later this month, it is likely some smaller businesses are still not one hundred per cent sure if they have fulfilled the requirements. The directive took four years to prepare, and aimed to standardise data protection across the
Increase in Workplace Pension Contributions – Being Prepared for the After-effect in 2018/19
Automatic enrolment? Phasing? Mid-payroll increment? These are just a few terms that might set your heart racing and your brow sweating; it can be a stressful process making sure your business has prepared correctly for the recent changes to workplace pension contributions. While there is a clearly a legal obligation to comply with the April
How the Making Tax Digital plans could affect your business
With the planned roll out of HMRC’s Making Tax Digital in April 2019, initially just for businesses that are VAT registered, there is a big push by the government on bringing tax accounting into the 21st century and creating the online revolution in this area that has already occurred in sectors such as banking. The
Adams Moore offices get a facelift
Over the last decade, Adams Moore has concentrated heavily on developing business solutions to meet the evolving demands and requirements of our clients, and making investment in customer service processes and communication channels – not least of all our website. Providing a quality service is important to us. However, there is one area we thought