Wealth

Your Super-Deduction Guide

Who is likely to be affected? Companies within the charge to Corporation Tax who invest in plant and machinery on or after 1 April 2021. General description of the measure This measure will temporarily introduce increased reliefs for expenditure on plant and machinery. For qualifying expenditures incurred from 1 April 2021 up to and including […]

Compound Interest – The eighth wonder of the world

What makes compound interest so powerful? The fabulous quality of compound interest is it causes your wealth to grow faster. It makes a given sum of money grow at a faster rate than simple interest because you earn returns on the money you invest, as well as on returns at the end of every compounding […]

Personal or corporate investment – which is better?

You have the opportunity to buy shares in a new company with good prospects. You can afford to make the investment personally, but might you be better off doing it through your company? Tax incentives The government encourages investment in new businesses especially those run through companies. In 2016 it created a new tax relief […]

Women’s Entrepreneurs Day!

As it’s Woman’s Entrepreneurs Day I thought I would take the time to thank all the amazing women who have stood up to the social norms and made something of themselves. You should be truly proud of yourself. Have you ever heard of the term ‘momtrepreneurs’? A momtrepreneur is in fact a mother who is […]

Wealthy Wednesday: Last Budget before Britain leaves the EU set for 29 October 2018

The Chancellor has announced the date for the Autumn Budget. This will be the last budget before we leave the European Union in March. What are the implications? Announcement Philip Hammond, The Chancellor, tweeted: “I’m pleased to announce the Budget will take place on 29 October. I’ll set out how our balanced approach is getting debt […]

No-deal Brexit plans published

With the deadline only months away, HMRC has issued a statement about what will happen if no trade deal with the EU is agreed. What might this mean for you and your business? Official guidance. HMRC’s statement, VAT for businesses if there’s no Brexit deal , is a helpful guide for businesses that expect to trade with […]

Wealthy Wednesday: Merchant Accounts

Interest Rates UK: How The Increase Can Affect You

   Interest rates have been increased from 0.5% to 0.75% by the Bank of England – the highest it has ever been since March 2009. There are many positives to consider here, as well as a lot of uncertainty with the ongoing Brexit negotiations where the decision has been questioned. The Bank of England’s […]