Applying for business start-up loans

Applying for business start-up loans

by | Nov 21, 2024 | Business

Securing funding for a new startup is one of the most critical steps in ensuring the success of a business venture. However, obtaining financing can often be challenging. For instance, traditional bank loans may not always be an option, or they might require security...
Bank of England eases base rate to 4.75%

Bank of England eases base rate to 4.75%

by | Nov 11, 2024 | Business

The Bank of England's recent decision to reduce the base rate to 4.75% brings several potential benefits to various sectors of the UK economy. Let's explore these advantages in detail. Reduced Borrowing Costs Lowering the base rate directly influences the...
Thinking of selling your business?

Thinking of selling your business?

by | Jul 25, 2024 | Business

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. When the relief if available, Capital Gains Tax (CGT) of 10% is payable in place of the standard rate. This...
Update on the tax status of Double Cab Pick Ups

Update on the tax status of Double Cab Pick Ups

by | Feb 29, 2024 | Business

HMRC have reversed a previous decision (originally published 12 February 2024) on the tax status of Double Cab Pick Ups (DCPUs), following an earlier 2020 Court of Appeal judgment. The earlier decision, now reversed, had announced that effective from 1 July...