Blog
Does Your Restaurant Generate Good Profits from the Sale of its Food?
https://youtu.be/__xKuvGkcM0 Recently, I went to see a restaurateur who was concerned about the profits he was making on his food. I explained to him that he had to make sure he had good controls in place, that he was able to monitor his gross profit margins...
Venture Capital – What Is It and Could It Work For You?
What exactly is venture capital and how does it work? Any new business start-up needs some form of initial funding, cash money to get the new "venture" off the ground. This could be for any number of things; rent on premises, equipment, furniture, vehicles, stock,...
Are You Aware of The Best Way of Taking Income Out of a Limited Company?
https://youtu.be/6ImSQHRdZmw I saw a client recently who considered setting up a limited company for his business and wished to know the best way forward of taking out money from the business whilst minimising the tax being paid by his company and himself. I...
New Theatre Tax Relief
On the Monday 1 September 2014 a new theatre tax relief was launched which is estimated to benefit around 250 production companies. This means that plays, musicals, opera, ballet, dance and circus productions could receive support from the government. Chancellor of...
Working Tax Credits and the Self Employed
To be entitled to tax credits you must be in ‘qualifying remunerative work’. There is no restriction on claiming Working Tax Credits if you are self-employed. This could be a valuable source of additional income to those who are un-employed and considering a return to...
Are You Seriously Behind in Your Tax Affairs? Does this Stifle Your Creativity?
https://youtu.be/9ssS7JUbtCc I was approached by somebody who was seriously behind with his taxation affairs, and it reached the degree whereby he was unable to paint anymore. He was an established artist. I went through his case with him, and we approached the...
Major Changes to the UK benefits System
Many thousands of households across the UK will be affected by changes to the benefits system from April 2013, all part of government plans for the biggest shake-up of the welfare system for decades. Government ministers argued that the changes were necessary to...
Contractors, Do You Price Your Tenders Correctly?
https://youtu.be/u7P3InPC5_Y I went to see a contractor recently who was concerned that he was under-pricing his contracts. I explained to him that this was common in the industry and that under-pricing the contracts would inevitably lead to losses being...
What Exactly Are Tax Credits & Who Can Get Them?
There are two types of tax credits – child tax credits and working tax credits, you might be eligible for one or both of them, depending on your circumstances. Child Tax Credits Child Tax Credit is available to people responsible for a child or young person, who have...
How A Creative Business Can Minimise Tax Payments
https://youtu.be/COiXnbR7opk A client who is a composer explained that he was about to sign a major contract on a piece of work. This would bring in huge amounts of money in the second year but nothing in the first year. I suggested that he form a limited...