The days of 10% tax on a business sale are gone. The tax on selling your business has changed but the need for planning hasn’t, in fact it’s probably more important than ever.
Category Archives: News
12
Jun
Jun
Every football club wants the next superstar, but the best clubs build academies. Struggling to find experienced staff? The businesses that thrive are often the ones investing in training, development and giving people in house the opportunities to grow.
08
Jun
Jun
Running a pub, café, restaurant or hotel? The government has announced that from 25 June to 1 September 2026, qualifying children’s meals will be subject to 5% VAT rather than 20%.
05
Jun
Jun
There’s a lot of talk around business rates at the moment. What we’re seeing is a lot of owners just accepting their figure and getting on with it. If it doesn’t look right, it’s worth challenging. You can do that through the Valuation Office Agency (VOA) – https://www.gov.uk/government/collections/how-to-challenge-your-business-rates-valuation
29
May
May
Surveys show 70% of employees are now experimenting with AI in the workplace. In most cases, they’re just figuring it out as they go. Used well, these tools can save a lot of time. Used badly, they can create just as many problems. It does raise the question – Is it worth having some training…
Government-backed loans are getting a lot of airtime at the moment, but it’s nothing new, just the latest version of what’s been around for years. The current scheme is the Growth Guarantee, with around £500m available. Support is there, but from what we see it only really helps if the business is already in a…
15
May
May
SMEs spend around 242 million hours a year on tax compliance, costing nearly £25 billion. That’s not growth. That’s not a strategy. That’s just keeping up. A significant burden before you’ve even got to running your business.
08
May
May
Making Tax Digital has now begun. More regular reporting is coming in, and for many businesses that will mean a bit more admin. The Institute of Chartered Accountants in England and Wales has questioned how much value quarterly reporting adds. From what we’re seeing so far, most businesses are still working out what the real…
17
Apr
Apr
AI tools are becoming more common in the workplace and can be great for productivity. But it is important to know where to draw the line. There have already been high profile cases where AI generated information has turned out to be wrong, showing how confidently it can produce inaccurate answers. Relied on blindly it…
10
Apr
Apr
The major banks have agreed an £11 billion lending package to help smaller businesses invest, grow and expand into exporting. Alongside this, the government is pushing to involve more SMEs in public sector contracts and offering regional funding to support businesses adopting new technology.