What are your planning objectives? Key financial planning goals include: Making the most of your tax-free allowances Keeping your marginal tax rates as low as possible Maintaining a spread between your income and capital. Remember that all tax planning must: Save tax...
Real Time Information (RTI) is the system employed by HMRC for the reporting of payroll information, which requires employers and pension providers to provide detailed information to HMRC every time employees are paid. Under RTI, the employer is required to submit...
People don’t invest in ideas: they invest in people. You can have the world’s best business plan with a truly original idea that is guaranteed to make a fortune, but you could fail to attract investment if the people behind the idea do not inspire...
No business is the same as another even if the product or service is similar. If you are starting in business it is important to avoid the pitfall of underestimating your start up costs. Startup costs are limited to expenditure incurred before you are ready for...
Every employer knows just how important wages are to recruiting and keeping good employees. So how best to go about setting rates of pay? There are three important factors to consider when it comes to establishing the rate at which a business pays its employees. Rates...
We are all aware of the importance of maintaining a positive cashflow from month to month if we are to avoid a liquidity crisis and all the misery that entails. But there is a lot more to cashflow management than simply avoiding crises. Actively striving to increase...
