A round-up of the latest business updates from Asia published by our international partner Dezan Shira & Associates.
Archives for 2019
There are many reasons why you might be selected for a visit from HMRC, including simple bad luck. But while you can’t avoid the tax man – you can avoid the cost of defending yourself during an HMRC tax investigation.*
Making a Will brings peace of mind that your loved ones will receive the inheritance you wish to give them in the future. However, a Will alone does not always protect against the ‘what ifs’: those unexpected yet common life events that could lead to your loved ones losing their inheritance. Here we look at the benefits of using a Trust alongside a Will to make a formidable estate plan.
RfM Business Consulting has launched a new Business Growth Strategy package tailored specifically to the needs of smaller businesses (five people or fewer). We have found that many smaller companies – who are often busy and doing well – don’t have the time or the expertise to develop a plan for how they will move their business on to the next level.
A round-up of the latest business updates published by our international partner Dezan Shira & Associates.
RfM Accountants has partnered with pan-Asia professional services firm, Dezan Shira & Associates, to further strengthen the support we can give to clients trading in new global markets.
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.
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.