When you get to sell your business, you will hopefully be able to pay tax on the profit you are making at 10%. This is because of Entrepreneurs Relief which is available through the Capital Gains Tax legislation. However there are some issues to watch. The gain subject to 10% is limited to £2million. It [...]
If you are a director of a limited company then there are three options open to you on income tax. The company could buy or lease the car and pay for all the running costs and fuel. Then you get charged to tax depending on the particular make and model of the vehicle. Or you [...]
At Network 4M a lot of us are mothers so we know what it is like to wake up to find one of your kids with lots of spots. You ask your husband but he has an important meeting – you are not allowed those. Your mother’s phone is on answerphone so things look bleak… [...]
One of the most frustrating experiences in a business is not getting paid. But how do you spot the customers who are going to do the dirty on you? Many small businesses are too informal when giving credit. When you get a new customer make them realise from the start that you do not give [...]
It is all very well preparing monthly accounts in a business to see how well you are doing but that is really only a part of the picture. To get the most out of your accounts, you need to know where you are compared with where you expected to be. Of course that means preparing [...]
If you occupy only one business property and it has a rateable value below £6000, you are eligible for Small Business Rate Relief. This means you will pay nothing up to 31 March 2013. If you are in this situation and you are still paying rates, contact your local authority to claim your relief. If [...]