Floating on a Stock Exchange… a secret dream? If not… why not?

So Mark Fahy from the London Stock Exchange dropped by to talk about a cracking programme they run for growth companies who 1. fancy knowing more about how scaling, capital & finance work… 2. fancy making some great connections and 3. maybe flirt with the thought of a float one day… If that might be you… […]

audit

Audit… hear, hear

I never liked auditing… but I like audits Way I see it there are only two reasons not to have an one… cost & hassle… but here’s a few thoughts on why having an audit can be a good thing Credit Ratings… … the agencies love audits… it means a pro has checked your systems […]

survival rates

Survival… a fitness test

Here’s a table I knocked together from ONS data showing the survival rates of companies founded from 2007 onwards If you’ve survived 5 years, take a bow… one of only 4 in 10 who made it… And the third year seems to be the toughest

Asset Lives

Asset Lives… they matter

How long you plan to use an asset affects the Depreciation going through your accounts… which means asset lives matter to your Profits and your Balance Sheet. Assets are depreciated over the period you expect to use them… If you expect to use a £100,000 asset for 4 years… this year’s Depreciation could be £25,000 […]

Residual Value… there’s real value in there

Accounting rules mean your profits get hit by Depreciation… but you don’t have to take that lying down. Ask your accountant how they handle the Residual Value of your assets… it could boost your Profits… tax free. Residual Value… definitions Your company’s depreciation policy is “the systematic allocation of the depreciable amount of an asset over […]

Dividends instead of Salary

Dividends instead of Salary… don’t do it !

There’s only one reason to pay yourself Dividends instead of Salary… to avoid a bit of tax / NI… but here’s 5 reasons not to… Dividends are not ‘relevant earnings’ for pension purposes.. so payments into your pension can’t be deducted from any Dividend income… but they can be from any Salary Salary makes your affairs […]

Capital Allowances

Capital Allowances… have you any waiting to be claimed?

If you’ve spent money on assets you have the right to Capital Allowances… which help reduce your tax bill… but are you claiming all that you can? Sometimes keeping up with all the rules & wrinkles can be a tad too much for smaller accountancy practices… particularly the rules related to property… e.g. did you […]

R&D Tax Relief

R&D Tax Relief… use it to raise money?

R&D Tax Relief isn’t just a great way to get HMRC to help fund your Research and Development… you can use it to raise money Already Claiming? 26% of declines by banks are because of affordability… which means your business plan & forecasts haven’t convinced them that you can afford the borrowing you’ve applied for […]

Hierarchy of Buyers

Hierarchy of Buyers… who you sell to matters?

When you come to sell your company… who you sell to can have a massive impact on the price you get… so let’s take a quick look at the Hierarchy of Buyers… worst first. Management Buy Outs (MBOs) … usually these guys don’t have the money to buy you out… so they borrow… and anyone […]

SIC Code

Quick SIC Code stuff

Here’s a fun site to help you find the right SIC code… SIC code Wiki And here’s a blog post explaining why you should check it out… because Standard Industry Classifications matter.. Is your SIC code making your company credit rating sick? You get to pick the SIC code that best describes your company’s activities… […]