Raising Finance

During our more than 30 years trading as Chartered Accountants and Business and Tax advisers we have frequently been asked whether we could provide financial advice of one sort or another. Previously the response has been no, but we built up a strong network of third-party financial advisors who have helped our clients with all kinds of financial advice such as investments, pensions, protection and mortgages. In recent times, however, we have seen the number of independent financial advisors (financial advisors who go to the whole market rather than a few selected providers) decline and we now find that most financial advisors are tied.

The new super deduction will run for two years from 1 April 2021 and is a radical new “super-deduction” of 130% for investment in new plant.

The government is offering grants to enable businesses to open up safely now that the Covid restrictions are starting to be lifted. Read this blog to see if your business may be eligible.

Are you eligible to claim the SEISS extension grant? Make sure you know what you can claim for.

As your business comes to maturity thoughts often move to retirement and if possible extracting value from the sale of your successful business. One option many business owners consider is selling to their management team. For many it just feels right. It also offers a simple and flexible way to leave a business in the safe hands of individuals who fully understand the business.

Looking to give shares away in your company to secure an investor, business partner or lock in an employee? Beware the pitfalls. In this blog we look at why company owners are prepared to sell or giveaway shares in their companies. We look at the problems, the tax issues, some of the solutions and recommendations we would make to ensure that if you do sale or give away part of your company that you secure your financial position.

Need finance to cope with your business growth? Have you considered factoring? If not then please read our article which looks at what is factoring and 8 key points to consider when choosing a factor.

Cash is king! In bad times there isn’t the luxury of being slack with extending credit to customers. For many businesses poor cash collection is the difference between life and death. Here are 15 easy steps to building a better credit control system and improving cashflow management.

On 29 May 2020, the Chancellor announced some changes to the Coronavirus Job Retention Scheme that will likely impact a lot of businesses - the "Flexible Furlough Scheme"

Everything has changed. For many businesses the coming months will be a real challenge. With the removal of lockdown and a deep recession many businesses will not survive. If you have been adversely impacted by Covid 19 here is our 10 point plan to not only survive but more importantly thrive.

The Government has announced a new scheme to issue convertible loans to innovative companies which are facing financing difficulties due to the Coronavirus outbreak.

There are a few technicalities that businesses should be aware of when they are taking advantage of any Coronavirus Business Support.

The Government has announced an improvement to the grants that are currently available for small businesses.

Increased pressure from businesses unable to access the Coronavirus Business Interruption Loan (CBILS) funding has led to the government announcing a new loan scheme for those in need of smaller loans.

Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage. We explain ways in which you can use systems to help chase your debts more efficiently.

Charities across the UK will receive a £750 million package of support to ensure they can continue their vital work during the coronavirus outbreak, tens of thousands of charities will benefit from direct cash grants to ensure they can meet increased demand as a result of the virus as well as continuing their day-to-day activities supporting those in need.

The Chancellor announced the Coronavirus Business Interruption Loan Scheme (CBILS) in his latest Budget. This scheme opens for applications from 23 March 2020 and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cash flow.

The Chancellor has set out a package of temporary, timely and targeted measures to support businesses through this period of disruption. Regrettably for most of the self-employed there is little help.

The Chancellor outlined a package of measures that have never been seen before in order to protect million’s of jobs and incomes in response to the coronavirus crisis. A new Coronavirus Job Retention Scheme will be set up to help pay people’s wages.

There is no doubt we are living in unprecedented times. The coronavirus has increased uncertainty to levels that we in the UK have not seen for decades. The first thing to say however is that life goes on and to a large extent we can only deal with what is immediately in front of us....

Over the past 30 years we’ve worked with countless small and medium sized building and construction businesses. Many have flourished but unfortunately some have failed…. And cash flow is one issue which comes up time and time again.

If you need funding for your business and want to attract investors, why not look at SEIS and EIS? They're tax schemes authorised by HMRC and provide generous tax incentives to the investor.

You meet with your accountant and they tell you you've made a profit of £150,000. You look confused and think "I don't understand this. How am I doing so well yet there is no money in the bank account? Where has my cash gone?"

Your balance sheet is important and shouldn’t be ignored. It’s visible to everyone if you’re a company so people can assess whether to do business with you or for a potential buyer to value the business.

Building a Business without cash means developing creative ways to promote a business. A lack of cash resulted in lots of creative way to build the businesses. From startups, through growing businesses to established businesses, there's example after example.