There have been many changes made to the UK R&D tax relief schemes. Much of what was previously mooted by the Government has now been ratified and some additional details on how the changes will work are available. Headline summary: Most striking is that R&D...
finance
Changes to Capital Allowances in the Budget
There has been some positive news for claimants of Capital Allowances for Property Embedded Fixtures and Fittings in the Budget As expected with the increase in corporation tax taking effect from 1/4/23 the Super Deduction will end - this was designed to give you...
Are you the subject of an HMRC R&D Tax Relief enquiry?
There has been a rash of these enquiries in these last few weeks with a deliberately scary and sometimes perceived as threatening incoming letter demanding detailed explanations of why your claim qualifies, details of how the time of staff and consultants were...
When a business collapses do you always heed the lessons?
When business people see the increasing number of articles coming out about the collapse of businesses in the public eye, there is a temptation to think that it is solely a result of them growing too big and too fast. However, like the collapse of any business, there...
7 next steps if you’ve been rejected for business finance
In a perfect world, every business would secure its funding choice immediately without a hitch. However, this is often not the case. Lenders and investors have set criteria they stick to when considering businesses, and not everyone will meet them. Funding isn’t an...
7 credit management tips for maintaining cash flow
Maintaining positive cash flow is integral to the long-term running of your business. It enables you to meet your financial commitments and keep your operations ticking. However, there are constant threats to cash flow. One that frequently affects businesses is late...
Should you lease or buy business assets?
Every company needs assets to operate, from machinery and hardware to vehicles and furnishings. Without these, staff cannot do their jobs and customers are left unserved. However, securing these assets comes at a substantial cost. Buying assets outright requires...
How to maintain cash flow amidst rising inflation
With the economic context of the UK, it’s no surprise many businesses are experiencing cash concerns. Inflation, the energy crisis, supply shortages, and the risk of recession have all seen economic confidence decline and prices increase, bringing unwanted...
What is stock finance?
Stock finance is a popular form of funding used to boost cash flow by unleashing capital in your warehouse. It utilises unused stock as security to raise finance from lenders. If used correctly, it is a great way to free up money while enabling you to retain the...