Blog

Many of the 1.2 million businesses affected by the new rules will be required to submit their first quarterly return to HMRC using software by 7 August. Businesses with an annual turnover above £85,000 are being urged by HM Revenue and Customs (HMRC) to sign up to Making Tax Digital (MTD) before the 7 August VAT filing… Read more

Starting a business can be expensive, but what if you don’t have the cash? What sorts of business finance are available? And how do you get access to them? Your business funding options Not all businesses can get every type of finance. For starters, you can’t sell a stake in your business if you’re a… Read more

Airbnb is one of the ‘go-to’ places for affordable holiday accommodation and short-term lets. If you have a spare room it’s a great way of earning additional income; however, there are tax implications that you should be aware of. Our tax expert, Robert Salenius, provides some helpful guidance if you are thinking about becoming an… Read more

The latest news for Yorkshire based businesses. Welcome to our latest edition of Get Connected, produced in association with the Corporate Finance Network. Each edition features a review of Merger & Acquisition activity in a particular sector, the focus this month is on the Haulage sector. Haulage Sector Updates Between January 2013 and February 2019, there… Read more

If you can’t get into a flow with your business planning, try doing a SWOT analysis. It’s a great way to organise your thoughts and kickstart the planning process. What is a SWOT analysis? SWOT stands for strengths, weaknesses, opportunities and threats. It’s a way of thinking about your business from the inside out, and… Read more

The Chartered Institute of Taxation (CIOT) is alerting home owners that the cost of VAT on most solar panel installations, and all wind and water turbines, will go up from the start of October. The UK has a reduced rate of five per cent VAT for the installation of energy-saving materials in residential accommodation. However,… Read more

The Corporate Finance Network is calling upon the Government to abandon their Government Referral Scheme after 95% of SME applications for loans were rejected, calling it “a harmful policy that generates so much cost and bureaucracy“. The Government Referral Scheme was launched after an announcement by the Chancellor in the 2016 Spring Budget.  It legally… Read more

Are you daunted by the thought of writing a big, formal business plan? You’re not alone. A lot of people start and never finish, but you don’t have to be one of them. You can start with smaller tasks and work your way up. What is a business plan anyway? Think about your business plan… Read more

Eligible businesses with a taxable turnover over the VAT threshold of £85,000 had to register for Making Tax Digital to submit their VAT returns from 1 April 2019. Businesses initially affected by this new initiative include sole traders, partnerships, LLPs, landlords and charities. The start date for some businesses has been deferred to 1 October 2019,… Read more

In the second part of the series we show you how you can test your new business idea before you put it into action. Testing business ideas To help organise your earliest thoughts, think about starting a business from three angles. 1. Customers – Who are they? How will you reach them? Why will they… Read more