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HMRC are embracing the entrepreneurial spirit

For those taxpayers selling or gifting a whole or part of their business, HMRC offer a valuable capital gains tax relief for qualifying disposals. This is under the guise of entrepreneur’s relief (formerly retirement relief), up to the current lifetime threshold of £10 million. The regime is available to the following:

The A to Z of selling your business

A simple list to help you (and your buyer) hit the ground running If you’re thinking about selling your business or you are already in talks to do so, it is helpful to be prepared. The sale process becomes considerably easier if you have the answers and supporting documents in the

Small Business Commissioner helps small firms resolve payment disputes

The role of the Small Business Commissioner (SBC) was created under the Enterprise Act 2016. The SBC is now available to accept complaints from small businesses with a view to helping them resolve payment disputes with larger businesses and tackle unfair payment practices. The service impartial, independent and free to

General Data Protection Regulation (GDPR)

What is it and why do we need it? We send emails, we share documents, we pay bills and we purchase goods and services by entering our personal details online and without a second thought. As businesses we already tell website visitors we’re collecting their data to send them our newsletter. Isn’t

Tax rates – 4 Business guide to various tax rates 2018/19

Income tax allowances Personal allowance 11,850 Income limit for personal allowance 100,000 Marriage allowance 1,185 Married couple’s allowance 8,695 Trading allowance 1,000 Property income allowance 1,000 Dividend allowance 2,000 Personal savings allowances for: Basic rate taxpayers 1,000 Higher rate taxpayers 500 Income tax bands   Basic rate 0 - 34,500 Higher rate  34,501 - 150,000 Additional rate 150,000 +    Income tax rates Basic rate

R&D tax credits

A tax break for companies engaging in research and development Political affiliation notwithstanding, it can largely be agreed that both current and previous Governments recognise the importance of innovation to increase the UK’s productivity and competitiveness with the world, the essential foundations of a strong and successful national economy. In 2000, the

Business planning

Are you planning not to fail? Do you undertake any business planning and forecasting in your business? There are many people who do not, missing tremendous opportunities to understand, evaluate and develop the business - most importantly, missing the opportunity to improve the results that the business generates through the trading year

Firms hit by apprenticeship levy costs

Businesses remain in the dark about how to use the apprenticeship levy, 6 months after its introduction. The British Chambers of Commerce (BCC) polled more than 1,400 businesses and found 23% of levy-paying firms have no understanding of the apprenticeship levy or how to respond to it. As of 6 April

Tax rates – Autumn 2017

Income Tax Allowance Personal allowance 11,500 Income limit for personal allowance 100,000 Marriage allowance 1,150 Married couple's allowance 8,445 Trading allowance 1,000 Property income allowance 1,000 Dividend allowance 5,000 Personal savings allowances for: Basic rate taxpayers 1,000 Higher rate taxpayers 500 Income tax bands Basic rate 0 - 33,500 Higher rate 33,501 - 150,000 Additional rate 150,000 + Income tax rates Basic rate 20% Higher

The business buzz of The Hive Enterprise Centre

“Our Business Building is Building Businesses” Business growth is all about planning, flexibility, collaboration and the ability to adapt and change. The new Hive Enterprise Centre in Southend Victoria builds on this and is fast transforming the way new and growing businesses start-up, survive and grow in Southend and across South

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