General News

Borrowing Money from an Existing Business for Property

Funding the expansion of your Property Portfolio can sometimes be difficult. However, if you have money in other businesses that you are involved in which is not required for trading purposes, you have an alternative option.

If the company with the money is solely owned by yourself then you could transfer the money to your property company as an interest-free loan and which is either repayable on demand or a fixed term, depending on your preferences.

Lasting Power of Attorney

Lasting Powers of Attorney (LPA) are considered to be one of the most important areas of planning you can put in place during your lifetime for yourself.

Steve Bryan of Eagle Estate Planning led the implementation for the Mental Capacity Act (MCA) across Derbyshire between 2008 and 2012 and lectures on its application. The MCA introduced Lasting Powers of Attorney.

Instant Messaging Versus Email

For most businesses, email remains a key method of both internal and external communication. However, there has been a significant rise in the popularity of instant messaging. So what does this mean for you and your business?

Most of us receive far too many emails. In response, businesses have begun to move to instant messaging as a means of internal communication. 

Creating a Great Business Strategy

When many of us think about business strategy, academics and expensive business consultants tend to spring to mind. The good news is that creating a really great business strategy doesn’t have to be complex.

Put simply, a strategy is what you need to get your business from where it is today to where you want it to be in say, 5 years time. Here are three simple steps to creating an effective strategy for your business:

Guerrilla Coaching

Some new-fangled description of an age-old method, just to get new punters looking this way?

Well no! Guerrilla Marketing and Guerrilla Coaching are about stepping right in, doing some small stuff, and stepping right out. Small Interventions, BIG results.

GDPR is Almost Here!

The implementation date for the EU Data Protection Regulation (GDPR) is 25 May. Despite Brexit, UK businesses will need to comply.

In order to maintain business links with EU countries, the UK will need to create EU equivalent rules and regulations. GDPR is an example of this and must be complied with if businesses want to trade with the EU. The GDPR regulations are more favourable to consumers than businesses.

Don't Panic! Creating a Disaster Recovery Plan for Your Business

A disaster recovery plan is a documented process designed to help recover and protect a business and its infrastructure in the event of a disaster. It provides a clear plan of action to be taken before, during and after a disaster.

HMRC Loses IR35 Case

In the February newsletter, we reported the Tax Tribunal decision involving Christa Ackroyd Media Ltd, a company set up by a TV presenter to supply her services to the BBC, where it was held that the IR35 personal service company rules applied to the arrangements. In a recent case involving a night manager on a building site, another tribunal decided that the IR35 rules did not apply. 

Form P11Ds to Include Benefits Provided by Salary Sacrifice

Employers need to report all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements (OpRAs) or “salary sacrifice” arrangements, to HMRC on form P11D from 6 April 2018, unless they are registered to voluntarily payroll benefits.

Charities Gift Aid Small Donations Scheme

Whilst on the subject of the reduction in cash transactions, we take the opportunity remind you of the Gift Aid Small Donations Scheme (GASDC). Under this scheme, a charity or community amateur sports club (CASC) can claim top-up payments on small donations up to £20. 

From 6 April 2017 charities have also been able to claim tax back on donations made using contactless technology, such as a contactless credit or debit card.

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