Business Confidence 2019; Q2 Report

May 30, 2019

The Institute of Chartered Accountants in England & Wales has recently published its Business Confidence Index for the second quarter of 2019.  And pretty grim reading it is.

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What is Entrepreneurs’ Relief?

March 21, 2019

Entrepreneurs’ Relief is an attractive relief for payers of capital gains tax, when disposing of qualifying business assets, commonly shares in a trading company. Normally this is when the business has been sold or is coming to an end for some other reason, such as retirement. It brings a reduction in the rate of tax payable to 10%, as opposed to the usual rate of up to 28%.

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Are CVA’s coming of age

March 14, 2019

Particularly for the retail and hospitality sectors, the last year or so has been pretty bleak.  Big names like Toys R Us, Maplins and Poundworld all disappeared from the high street, whilst a long list of others, including Prezzo, Carluccio’s, Marks & Spencer. Mothercare and New Look have shrunk.

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A director is a director

July 14, 2016

It’s quite common for individuals running companies to appoint their spouses or partners as directors of their company, even though there is no intention that the spouse or partner should take any active role in the company’s management. Apart from anything else, there may be sound tax mitigation reasons for doing so.

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