During September the Conservative Government announced an increase of National Insurance contributions from next tax year (2022/2023) onwards, with the aim of raising circa £12bn of additional tax revenue. The funds will be used for the NHS to cover at least some of the expenditure from the pandemic and for health and social care, which… continue

If you are an owner director and have an overdrawn director’s loan account, then watch our 2-minute primer to help you understand the tax implications and how to deal with them. It is entirely reasonable for business owners to assume that any money in their company’s bank account is theirs. However, there are significant tax… continue

This month, the Chancellor Rishi Sunak issued his long-awaited 2021 Spring Budget. Given the importance of the occasion for business support, we have devoted this blog to many of the key points covered by it. Property – Stamp Duty Land Tax (SDLT) Contrary to market expectations, the SDLT nil rate band of (£0 – £500,00)… continue

A Teaser is a short (circa 2-3 pages) summary of the investment/funding opportunity which is sent to potential funders/acquirers. It typically does not disclose the name of the business, but focus on its competitive advantages and any other notable highlights. The financial information is usually restricted to headline sales, gross profit and earnings before interest,… continue

Debt versus Equity There are fundamental differences between debt and equity funding.* Depending on the funding requirements of the business (e.g. capital expenditure, loan refinancing) and the company’s strategy (e.g. growth strategy, MBO) a preferred funding source can often be established. Debt Funding Debt finance typically results in capital and interest repayments over an agreed… continue

The UK Business Owner’s 6-Step Guide to Company Disposals The following guide is intended to give you an overview of how a business is sold and the type of documentation a corporate finance adviser prepares as part of the sale process. Let’s initially cover the sale process. Stage 1: Appointment The vendors appoint the corporate… continue

Job Support Scheme (JSS) – Overview* Starts 1 November 2020 and runs 6 months (Furlough Scheme ends 31 October 2020) All employers with a UK bank account and UK PAYE scheme can claim JSS grants payable monthly in arrears =>  grants only available for wages paid Employee must be working at least 33% of their… continue

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