Improving Cashflow

A guide to maintaining a healthy balance between money coming in and out of your business. If your business does not have a steady stream of money flowing into it, you will be unlikely to be a going concern in 12 months.  On the other hand, every business will have regular costs that they have[…]

Employee Benefits

A guide for employees on the tax implications of accepting common employee benefits. Most employers provide a range of benefits in kind to their employees. You may be able to choose which benefits to take up, so you should be aware of the different tax and national insurance (NI) implications of each benefit you pick.[…]

Interest Free Loans

It is common for owner managed businesses to receive loans either from the owner/director (Director’s Loan Accounts) or from related companies with common ownership. It is also normal for these loans to be provided “interest-free”. Although it may sound contradictory, under the new UK accounting standard for small companies, FRS102 (1A), there is a requirement[…]