As business owners, we are used to planning ahead. We forecast revenue, build contingency plans, review contracts, and protect our assets. But there’s one area many entrepreneurs quietly avoid…what happens to the business, and to our families, if we are suddenly unable to steer the ship ourselves? Estate planning is not simply about “writing a […]
Who’s Steering the Ship If You’re Not There? Read More »
Obtaining finance can be a real challenge, especially during tough economic times. Whether dealing with banks, looking for an Angel Investor, or exploring invoice finance and other funding sources, finance providers consistently focus on one thing: the businesses day-to-day financial management. A robust credit control process is the clearest way for a business to demonstrate
Instead of trying to explain what defines the cash gap and the formula to calculate it, here is a little story. When Maria opened her local bakery, she never imagined that success could bring stress. Customers loved her cakes and orders were piling up. But behind the scenes, Maria was struggling—her suppliers demanded payment up
Beware of the Cash Gap: A Small Business Owner’s Guide to Smoother Cash Flow Read More »
The Bank of England has reduced the base rate to 4%, marking the lowest level in two years. This signals a potential turning point for businesses across the UK, offering a window of opportunity to reassess borrowing strategies and financial planning. Why this matters Lower interest rates mean more favourable borrowing conditions, which could significantly
Bank of England cuts base rate to 4%: What this means for businesses Read More »
Creating a will is essential for ensuring your loved ones are protected after your passing. While cheap or free will-writing services may seem like a quick solution, they often come with significant risks. In contrast, a bespoke advice service, like the one we offer at SLS Wills and More Ltd, provides a personalised, comprehensive solution
Some UK taxpayers must report and pay Capital Gains Tax (CGT) within 60 days of disposing of UK residential property. What is the 60-day rule? The 60-day CGT reporting rules apply to UK resident and non-resident individuals, trustees, personal representatives, partners in partnerships and limited liability partnerships, and joint owners of property who are
60-day reporting window when disposing of UK residential property Read More »
The favourable tax treatment previously given to furnished holiday lets (FHLs) will be abolished from 1 April 2025 for Corporation Tax and 6 April 2025 for Income Tax. Going forwards, income from a FHL will be treated in line with all other property income, in a bid to promote fairness and align tax rules between
Abolition of the furnished holiday lettings tax regime Read More »
We’re going to open with the obvious: managing cash flow is a vital part of running a business, especially for start-up businesses. “The Death Valley Curve” is the period where an abundance of new businesses fail, typically, this occurs within the first 5 years of opening. It portrays the drop in finances where outgoings are
The Death Valley Curve. Read More »
Some great information in this conversation with Hayley Kingsnorth of Azets Listen here
In Conversation with Hayley Kingsnorth Read More »
The Intricacies of Credit Control: A Journey from Accidental Discovery to Passionate Advocacy In the world of finance, credit control and credit management are critical yet often underappreciated disciplines. Kevin Arlett’s journey into this field was not one of deliberate choice but rather a serendipitous stumble, a narrative not uncommon among professionals in this sector.
In Conversation With Kevin Artlett Read More »
