Businesses

Business Finance

Businesses, Growth l

Raising finance is a crucial but challenging aspect of running a successful business, whether you’re launching a start-up or looking to expand your operations.

You can have the best product in the world, a solid business plan and a comprehensive marketing strategy, but if you can’t access the necessary inance success will be much harder to achieve.

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Support for business growth in 2016

Businesses, Growth l

growthWe are pleased to announce that applications for the Goldman Sachs 10,000 Small Businesses programme which will commence in September 2016 are now open.

The programme is fully funded by the Goldman Sachs Charitable Foundation and is specifically designed to enable business owners to grow their businesses. The programme helps to review all aspects of the business such as the processes,  finances, sales and leadership  then develops a strategy to improve, develop and grow all of the areas.

HMRC are removing a barrier to R&D tax credits

Businesses, Corporation Tax, Growth l

Einstein_laughingSince 2000, companies have been able to claim significant tax relief for undertaking qualifying R&D, however the uptake among smaller businesses has been and remains low. This can mean reduced corporation tax, or a cash payment from HMRC.

The main barrier to claiming is thought to be concern that the R&D undertaken doesn’t qualify, leaving the business with additional professional fees to pay for an unsuccessful claim.

To overcome this, from Autumn 2015 HMRC are introducing the ability for smaller businesses who have never claimed R&D tax credits to gain advanced assurance whether an R&D project would/does qualify, ahead of doing any calculations and making the claim. This should reduce the speculative risk of making a claim for these businesses.

Why is an accountant needed?

Accounting, Corporation Tax, Growth, Tax/VAT Cases, VAT l

HectorWe are often asked “why is an accountant needed?” and “how do you provide value for money?”.

In the age of computerised accounting packages and online platforms for completing returns this is a reasonable question.

A big part of the answer is our knowledge of legislation, and how we can apply our knowledge to benefit those who we work with. A great example of this has been highlighted recently by Accountingweb, where HMRC have changed an interpretation of long standing VAT legislation which could have a significant impact on businesses who don’t take alternative advice, costing them £’000’s.

March 2015 is the month to secure financial support towards helping you grow your business

About Us, Budgets, Businesses, Growth l

graph-arrow-upwards-growthIs your ambition to grow your business, and you need support to understand:

– the amount of finance needed?

– where funding could come from?

– where do I start?

If the answer to any or all of these questions is “yes”, we are pleased to announce that our team at Morrell Middleton are able to work with you, with our costs subsidised by up to as much as 60% to answer these questions. You need to act quickly though, as some funding ends 31 March 2015 

Our top 10 tips for writing a winning business plan

Accounting, Businesses, Growth, Property, Shares, Uncategorized l

Business PlanWe’ve been helping organisations to prepare business plans and forecasts for many years. Without exception, it seems like a daunting task for the management team, but it’s really crucial to your success whether starting a new business or wanting to develop an existing business, to have a clear plan and that it can be articulated to the people who can help you make it happen.

“A lack of clarity could put the brakes on any journey to success.”

Steve Maraboli – Behavioral Scientist

Here are our top 10 tips for writing a business plan:

#VATMoss goes live from 1st January 2015 – does this impact on your business?

Accounting, Businesses, Growth, Law, Uncategorized, VAT l

MossSmall businesses trading online are up in arms about a new EU regulation, which states that from 1 January 2015, VAT on digital products will be chargeable in the place of purchase rather than place of supply in the EU.

The regulatory tweak – known as #VATMOSS – is being introduced to stop multinational corporations that trade online from diverting all their European sales through low-VAT countries, but is being predicted to hit smaller businesses in this sector hard.

UPDATE – HMR&C have provided some useful assistance which can be found at

https://www.gov.uk/government/publications/vat-supplying-digital-services-to-private-consumers

National minimum wage increases from 1 October 2014

Accounting, Budgets, Businesses, Growth, National Insurance, Payroll, Personal Tax l

A wage packetDon’t get caught out by the increases in National Minimum Wage which come into place from 1 October 2014.

It is also important where you have younger employees, to ensure that you make sure they get the paid at least the minimum rate as they go through the age brackets, and as an employer you don’t become guilty of paying less than minimum wage.

Full details of the rates can be found at https://www.gov.uk/national-minimum-wage-rates

Key dates for your diary

About Us, Accounting, Businesses, Clients News, Corporation Tax, Growth, National Insurance, Payroll, Personal Tax, Tax/VAT Cases, VAT l

DiaryAs a self-employed person, or someone who is running a business every day is important. However, some dates should be in your diary to ensure that you don’t fall foul of HM Revenue & Customs or Companies House.

We’d recommend having the following dates in your business diary as reminders of tasks which need to be done.

CONFIRMED – Accountants are sexy beasts

About Us, Accounting, Auditing, Budgets, Businesses, CGT, Clients News, Company Secretarial, Corporation Tax, CSR, Growth, IHT, Investments, National Insurance, Payroll, Pensions, Personal Tax, Property, Shares, Tax/VAT Cases, Uncategorized, VAT l

high-heels-and-thong-370x229According to the adulterous website, IllicitEncounters.com, accountants are the most exciting workers to go on dates with. Not because number crunching is a big turn on, but because their ‘boring’ jobs makes them more interesting in the bedroom, apparently.

Our top 10 tips for writing a winning business plan

Accounting, Businesses, Growth, Property, Shares, Uncategorized l

Business PlanWe’ve been helping organisations to prepare business plans and forecasts for many years. Without exception, it seems like a daunting task for the management team, but it’s really crucial to your success whether starting a new business or wanting to develop an existing business, to have a clear plan and that it can be articulated to the people who can help you make it happen.

“A lack of clarity could put the brakes on any journey to success.”

Steve Maraboli – Behavioral Scientist

Here are our top 10 tips for writing a business plan: