News

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03 Jul: Why Payroll Is One Function…

Business consultants have long advocated outsourcing non-core functions.

A non-core function is one that is not a profit centre (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.In most businesses, administrative and back-office activities..

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03 Jul: Profit Extraction

How best can I take money from my business?

There are always challenges for every business owner at the point where their business is making constant profit and receiving greater cash inflows. This challenge leads to find the most efficient way to extract money from the business to how these extractions will be shown in the company’s records and…..

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03 Jul: Inheritance Tax

Efficient use of Reliefs and Exemptions

Inheritance Tax is a tax levied by HMRC on property, money and other possessions of a person who has died. The standard tax rate is 40% on the outstanding amount above the threshold. Some gifts you give while you’re alive may be taxed after your death depending on how many years you live after the gift is given.