Entries by petewild

Selling Shares or Assets ? … it matters

I’m currently helping someone sell their business to a huuuuge perfect-fit buyer who popped up out of the blue with a great life-changing offer… BUT … and there has to be one… … the buyer doesn’t want the company… they just want to buy selected assets… OOOPS Below I go into the pros & cons of selling […]

Finance further up the food chain…

I like to think this blog is for scale-up owner managed businesses… so here’s a few aspects of finance further up the food chain that may be useful to know as your capital requirements change as you grow… And since I like to give a few ‘insights & angles’ I’d rather not list all the […]

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 […]

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… 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… 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… 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 […]

Offshore Furore

When I was a trainee accountant I sat in a meeting where a client asked one of our Partners to put some of his money Offshore… The Partner thought about it… then stunned the room by waving at the door and saying “That’s the way Offshore… f*ck off” Lord knows what that Partner would say […]