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?
Taxpayers can already use their online Business Tax Account for their dealings with HMRC but it is not currently essential. This is set to change with Making Tax Digital.
Do you have plans in place for coping with a severe disruption to your business? According to recent findings by the Federation of Small Businesses, most UK small firms are completely ‘unprepared’.
Recent changes to the rules on allowable costs have led to tougher times for buy-to-let landlords. But in business there are always opportunities… one option for buy-to-let investors could be to diversify into furnished holiday lettings (FHLs).
RfM has recently been awarded Gold Partner status by Xero. To us, this is a reward for helping many of our clients to revolutionise the way they manage their bookkeeping and business administration. For client Hyde United FC, a move to Xero cloud accounting software has put the performance of their finance department into a different league.
As the owner of a business, responsibility for financial and business decisions ultimately lies with you. Who would make those decisions if you were unable to? Making a Lasting Power of Attorney is the only way to ensure that the responsibility for running your business passes to a person of your choosing.
We love technology… but only if it makes life easier for our clients. Over the past year, we have introduced many of our clients to Xero accounting software, helping them to reduce the time they spend on everyday finance tasks and improve accuracy. We now provide support with a number of Xero add-on apps that can make your business bookkeeping and financial administration even simpler.
There’s probably no better way to demonstrate your knowledge of business growth strategy than by expanding your own business enterprise. Which is exactly what the head of RfM Business Consulting, Tony Backhouse, has been doing over the past two years.