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 […]

Offshore

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 […]

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… […]

Problems with Personal Guarantees…

 I don’t like ’em… never have done… and I think they stand in the way of decent companies accessing the external capital they need to grow. There’s an example of the problems they cause in another post I did : The Problems with Banks… their attitude to security So why does just about every lender insist […]

SIC Code

Is your SIC code making your company credit rating sick?

Company credit ratings are affected by lots of things… but one of the major ‘unknown’ factors is a company’s SIC code… and in my experience most company’s don’t know what their’s is. SIC stands for Standard Industrial Classification… it’s used to classify your business by type of economic activity… Some can be very very specific… […]

patent box

Patently obvious… open the box & take the money

The Patent Box means the tax rate on profits made from patents is to drop to just 10%… This is a cracking way to encourage firms to patent their Intellectual Property (IP), and exploit it from here in the UK. Any profits derived from exploiting a patent you own will be taxed in future at 10%… […]

The problem with banks… ?

It’s bankers’ outdated obsession with security that’s stopping SMEs borrowing… A typical owner managed business looking to their business banker for funding will end up being asked for Personal Guarantees to secure any loan… and that’s got to stop The desperate will always sign whatever the bankers want… but the rest are increasingly turning away from […]

R&D Tax Credits… they want YOU to claim them

… and you don’t need a white coat… or an R&D department Research & Development tax credits are the Government’s way of encouraging companies to develop new products and services… Any company that spends money trying to improve a product or service or even a process through a technological advance where there’s doubt about the […]