RfM regularly supports a number of local charities through donations and fundraising activities. Staff have played golf, dressed down, collected Christmas trees and even walked on fire for good causes. This time, we’re helping two friends of the firm to get ‘on their bike’ for Lancashire charity Baby Beat.
Archives for May 2017
Earlier this year, RfM supported Miss England 2016/17, Elizabeth Grant, to set off to the Miss World Pageant in style. A luxurious lift to the airport for her flight to Washington was just the first stage of what’s set to be a journey full of opportunities. RfM is helping to ensure Elizabeth makes the most of the experience.
Changes to the VAT Flat Rate Scheme (FRS), announced in the Autumn Statement, came into affect on 1 April 2017. Businesses defined as being a ‘limited cost trader’ will now have to calculate VAT using an increased flat rate percentage. We explain what this will mean for many businesses using the FRS.
Self-employed individuals will receive a state pension through the new ‘flat rate’ scheme. In recent years, there have been several changes to the eligibility criteria, so now may be a good time to check what you’re entitled to.
Entrepreneurs’ Relief (ER) can provide a valuable relief from tax on capital gains. But, as with everything in the world of tax, there are rules that must be followed to make sure you really do qualify for the lower rate of tax.
Anti-avoidance rules have been in place for many years to try to prevent the serial winding up of companies and abuse of the capital gains rules. To strengthen these rules the government has introduced a new Targeted Anti-Avoidance Rule or TAAR.
Autumn 2016 brought some good news for the many small companies who find it difficult to secure business finance from the high street providers. A new government bank referral scheme ensures that the large lenders will signpost borrowers to a range of alternative funding options.
Introduced as a tax relief in 1995, Venture Capital Trusts (VCTs) invest in small companies. The rules and reliefs may have been tweaked, but 22 years on they are fundamentally the same. We look at the benefits of VCTs.