You may want to eventually sell your business and may even see it as your “pension”. After all, you have probably invested a great deal of time and money into making it a success. You want to achieve the best price possible. The sooner you start ... [Continue Reading]
Tax Relief
Sole Trader - Reducing your tax As a Sole Trader, you want to ensure that you are claiming as much as possible to keep your tax bill down. After all, your profits result from your hard work and perseverance. When you work for yourself, the last ... [Continue Reading]
Trivial Benefits
Trivial Benefits is still one of the most popular topics we get asked about! Let's refresh ourselves with a quick recap about how it works... What are Trivial Benefits? Trivial Benefits are a perk or token of appreciation. These can be ... [Continue Reading]
Growing Your One-Man Business
You probably thought that starting your one-man business was hard but moving to the next level is often harder and brings new challenges. This is particularly true if you need to employ someone to help you. Your current business It is you ... [Continue Reading]
Buying a Business – Think Carefully
Recent research indicates that between 70% and 90% of business acquisitions fail. These are figures for an existing business hoping to expand by purchasing another business. Where it is someone starting out by buying a going concern, the ... [Continue Reading]
SEISS Fifth Grant
You can now apply for the 5th Self-Employment Income Support Scheme (SEISS) grant – the final date for making a claim is 30th September 2021. To qualify for the grant, average trading profits must be £50,000 or less and non-trading income cannot ... [Continue Reading]
Accountants – What Can They Do For You?
Accountants – skills and service levels vary and you need one which can give you the help and support you need. Bean Counters – Absolutely Not Here at CBS, we pride ourselves on not just being “bean counters”. We don’t count beans ... [Continue Reading]
IOSS – Import One Stop Shop
If you sell to consumers in Europe, you have probably already come across the new VAT rules operating from 1 July 2021. Who pays the VAT? In a nutshell, if you sell to a non business customer in the EU, someone has to pay the VAT (or IVA) ... [Continue Reading]
Buying A Franchise
A franchise can be an extremely quick and effective method of you getting a business started. Using someone else’s knowledge and research can save you many hours of work and heartache. What is a Franchise? When you buy a franchise, you are ... [Continue Reading]
Furlough Changes
The Coronavirus Job Retention Scheme has been extended until 30 September 2021 and the level of grant available to employers under the scheme has changed... From 1st July, there will be changes to the level of grant available for the CJRS ... [Continue Reading]
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