Another important announcement in the March Budget was the proposed relaxation in the rules for setting off a company’s losses against the profits of future periods. These proposed changes that will allow set off against profits of any source are currently being consulted on and, if enacted, will apply to losses arising from 1 April 2017 onwards. Until then the set off of losses remains restricted, particularly when there

  One of the anti-avoidance measures being introduced by the latest Finance Bill potentially changes the way that certain payments to shareholders will be taxed. This may result in payments following some company liquidations being taxed as dividends instead of capital gains.   The Government is concerned that the new higher rates of income tax that have applied to dividends since 6 April 2016 may tempt some shareholder / directors

  In the March Budget it was announced that the Government are considering the introduction of a completely new system of small company taxation and have asked the Office of Tax Simplification (OTS) to consider this possible new system in more detail.   It is proposed that the new system, if introduced, would apply to micro-entities with 9 or fewer employees and would tax shareholders directly on their company profits

  Keeping your head down and working hard is important but we all know that in business you have to “play the game” and develop effective personal relationships with the key stakeholders across your firm. As such, networking with internal contacts is as important as networking with external customers and target clients.   The number one word for managing office politics is diplomacy. Keep it professional at all times and

  Your business’s strategy says a lot about what you and your firm believe in and where you are going to invest your resources. But what does your strategy say about your firm from your customer’s perspective?   Your customers want to know that you and your business care about them. They want to feel important and that they are at the centre of your universe. Without your customers, your

  Today’s hyper-connected business people are bombarded with more information than ever before. We are all faced with information overload.   Many businesses have tried to encourage their offices to go paperless. However, people still have stacks of paper, magazines, articles and reference materials all around their desks. Inboxes are overflowing with ever increasing volumes of emails. Businesses are spending more and more on digital storage (and physical storage). So

  Most good marketing campaigns will focus on communicating a firm’s Unique Selling Point (USP). In today’s crowded market, customers have more choice than ever before. This increase in competition makes finding, defining and communicating your USP more important than ever before.   So what is your firm’s USP? Do you offer the faster or better or cheaper product or service? Maybe your people are regarded as the best or

12

Aug 2016

Managing Change

  In light of the recent Brexit decision, one thing is inevitable in business in the coming months and years and that is change.   Whichever way you decided to vote, the result of the referendum means that you and your business must be prepared to change and adapt to a new business environment. Here are a few change management tips for your business:   Create a plan and set

  Competition in business is more intense than ever before, with tough economic conditions in most sectors and rival firms battling harder than ever for market share. There are new threats from online providers, new business models and global competitors. As a result, increasing profit levels is quite a challenge. If you can’t increase your sales volumes, consider how to reduce costs in order to increase profits.   Build a

05

Aug 2016

Dropbox Business

  Dropbox is among the simplest and most user-friendly cloud storage and file-syncing services. It gives users access to files from nearly anywhere. You can install Dropbox on virtually any computer or mobile device and dozens of other apps support integration with Dropbox, too. Dropbox Business is aimed at the business and professional market. For larger firms there is also the option to upgrade to Dropbox Enterprise.   Dropbox Business