Crowdfunding is fast becoming the go-to solution for new businesses looking to raise a bit of extra capital. Following some notable success stories of crowdfunding appeals, surely there is no down side.
Growth is a natural strategic objective for most businesses, as a means of creating increasing value and rewards for owners and employees. However, in our experience, prevailing political and economic uncertainty may be shaping behaviour towards low risk strategies such as reducing costs and improving operations, rather than producing growth. This inward view of an organisation can sometimes be exacerbated by external factors such as those faced during a downturn – and growth can even sometimes regarded as at the mercy of the economy, as a cyclical phenomenon that managers are powerless to influence.
Many CFOs are making do with existing processes and technologies because change is difficult when there’s work to be done and when the specific change that's needed isn’t obvious (I recall a project called “Summit” because the Director, a Yorkshireman, simply said "Summat 'as to change!").
As we are approaching another tax year, the DWP has announced proposed revised amounts for various statutory payments from April 2018. Note that though the DWP has yet to confirm the effective dates, the following reflects the position of most changes occurring on the first Sunday in April.
For many organisations, the monthly financial close can be a daunting effort. In the run up to, and beyond, every month-end, finance teams frantically pull numbers together, check them for accuracy and completeness, and assemble them into a final set of management accounts and a set of board and regulatory reports. In many organisations the process is as clunky as it was 20 years ago or more.
From April 2019, the Treasury is proposing that gains made on any disposal of UK land and buildings by non-resident individuals or companies will be subject to UK tax. This is an extension of the existing provisions which currently apply only to disposals of UK residential property.
You will hopefully have seen our articles and posts in the past about the benefits of cloud accounting solutions like Xero and Quickbooks, which AAB are partners with. These are great solutions but only provide a snapshot of your finances based on historic data.
1. Consider reducing your taxable income below £100,000 or £150,000