The average UK small business spends £5,000 and three working weeks every year on tax compliance, according to the latest report from the Federation of Small Businesses (FSB). Taxing Times highlights the many hurdles small businesses face when trying to pay taxes. Almost half (46%) say determining the tax rates at which they’re required to … Continue reading Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance
Two of our biggest fears are – failure and criticism, and they never completely go away. You can overcome them, but they’ll show up when you face your next challenge. It’s in accepting fear as part of life’s journey instead of running from it, that you learn to conquer it. Indeed as you look back … Continue reading Take the leap and get out of that comfort zone.
As a property investor or small business, the main changes outlined in the November 2017 are. Prior to the new budget, stamp duty had to be paid on all properties used for residential purposes that cost more than £125,000. The rate started at 2% of the price of the property, but gradually rose along with … Continue reading What the November 2017 Budget means to you.
Vacant Building Credits (VBC) apply to all buildings that have not been abandoned, and that you have not made vacant, that is:- 1. Brought back into use or 2. Demolished to be replaced by a new building. 3. That are commercial to residential conversions The developer receives a credit equivalent to the existing gross floor space … Continue reading What are Vacant Building Credits and how do they benefit you.
It will not cost you a penny, only a few moments of your time. We are trying to get nominations for The Will Garvey Trust Foundation to be the next charity partner for Trent Barton and your vote will help. This is a very new charity trying to help young people cope with mental ill … Continue reading I have not done this before but I am asking a favour of you!
This is the first post after a long summer break but what a way to start beck. I first downloaded this book on Audible when the audio version was released in late July and was instantly blown away by the content. So imagine my excitement when the hard copy dropped through my door on it's recent … Continue reading Book recommendation – “Money – Know more, make more, give more” by Rob Moore
HMRC has today announced significant changes to the roll-out of its Making Tax Digital (MTD) scheme, which was due to go live from April 2018. MTD is the biggest change to the tax environment that we have ever seen and is by far one of the greatest challenges facing businesses in the near future. Much to … Continue reading Making Tax Digital and how it affects you.
The FSB Derby Branch would like to invite you to The Derby Landlord Forum where our guest speakers will update you on the important issues relevant to every existing and budding landlord: Tony Miles of Milestone Management Solutions will look at the Tax implications of being a Landlord and, challenges presented by the recent tax … Continue reading Your invite to the Derby Landlord Forum
Or to give it it's full title, "Why most small businesses don't work and what to do about it" I know that everyone recommends this as a classic but there is a good reason for that. I was given this book as a used and well thumbed copy, by the same person that invited be … Continue reading Book recommendation – “The E Myth Revisited” by Michael E. Gerber
Are you in the fortunate position of having cash sitting in the bank, but unhappy because it is earning very little? If this is you then please read on. Our associated companies invest in the property market place, in both Derby and Nottingham, we are looking for seed capital to get projects off the ground, once projects … Continue reading Is your bank account working for you?