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Tag Archives: Cashflow

Posted on in Business Tax

Your accounts need exercising as much as you do.

This starts with putting in quality figures fit for purpose. And ends with the ability to work the figures so they demonstrate and clarify things for you, helping you make better decisions. 

Following the non-reversible Brexit vote last Thursday, how should you navigate your business through the inevitable uncertainty?

You may ask why do you put yourself through this every year?

You know the deadline in advance, and you have a whole 10 months to get your income tax return done, so what is stopping you?

Posted on in Capital Gains Tax

Now or later....For example, you're probably aware that when an invoice is raised it's usual to include it in Turnover. If the invoice is not paid by your year end, it will increase your Profits for tax purposes. Hopefully by the time the tax is due, normally 9 or 10 months after the year end, you've been paid so you're not losing out on cash flow.

However, you may not be aware that if as a shareholder in your SME company you rearrange your shareholdings by giving away shares to family non-spouse members or employees, tax can be due on you.

That doesn't make sense!

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Tagged in: Cashflow Gifts Shares