A temporary increase in the Annual Investment Allowance (AIA) to £1 million announced in the Autumn Budget 2018 is now in effect. The new allowance – five times the previous cap – will benefit businesses investing from £200,000 up to £1 million in new plant and machinery.
Archives for 2019
Our colleagues at RfM Preston have found a simple way to make a big difference. Every Friday (for many years now) staff have paid to take part in Dress Down Friday to raise money for a local charity. Derian House Children’s Hospice is the latest good cause to benefit from their ‘casual’ fundraising.
Controversial changes to IR35 tax legislation for contractors in the public sector were introduced in April 2017. In the Autumn Budget, the Chancellor announced that similar IR35 rules will apply to private sector freelancers from April 2020. This could pose a real administrative challenge for the many organisations that engage freelancers on a temporary basis.
Who would look after your affairs if you suffered a loss of capacity? Your spouse, a sibling or another person you trust? If you want it to be your decision, you will need a Lasting Power of Attorney.
Securing the funding you need to get your growth plans off the ground can be difficult and, where large sums are involved, a daunting prospect. Loans need to be repaid, after all. Grant funding can make a real difference to the success of the project. In our latest case study we detail how, after securing grant funding, Bay View Childcare has been able to grow the business, create jobs and transform young people.
Whilst there are plenty of benefits to working with your relatives, it also brings a unique set of challenges. RfM Partner Peter Armer offers some key advice to overcoming common problems when running a family business.
RfM Business Consulting has been working with vehicle servicing and recovery specialist, Furness Cars & Commercials, to equip them with the tools to achieve future growth and success.
Having access to specialist accounting and business advisors can make all the difference to the growth and success of a young business. RfM Partner Paul Newsham has a nose for business – as does wine expert Miles Corish, to whom Paul has been an advisor for many years. Paul recently supported Miles with the launch of a new venture, Milestone Wines. We toast the company’s achievements in its first 18 months…
Enterprise Management Incentives (EMI) made headlines in April 2018, after HMRC revealed problems in securing continued EU state aid approval. After a period of uncertainty, it was announced that EMI will continue, unchanged. New research highlights the importance of the EMI scheme.
The end of the EU Common Agricultural Policy in the UK is set to bring huge changes to the farming sector. Now is a great time to review your plans for the future of your agricultural business, and think about how you will achieve them. Here, we look at the tax advantages of partnerships and why the timing of big business decisions is so important.
When it comes to VAT, it is always important to get the classification right for the supply of goods or services. Crossing the boundaries separating standard and zero-rated items in food retailing can lead to problems. The outcome of a recent tribunal hinged on the question of whether takeaway food supplied by a business was ‘hot’ – or not.
Landfill Tax may not be a key concern for every business but it’s worth knowing that, since 1 April 2018, waste disposal at unauthorised sites may now be taxable.
According to a recent report from property experts, Savills, 75% of the UK’s housing wealth is now owned by the over 50s. Small wonder, then, that the yield from Inheritance Tax is rising. What can you do to minimise the impact of IHT on your estate?