In the United States a piece of legislation is slowly winding through the approval process and if it becomes law would allow state governments to force Internet retailers to collect sales taxes from their customers and remit the proceeds to state and local government – the so-called Market Fairness Act. The states would be required to provide free software to Continue Reading
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Loans from a company to shareholders – NEW RULES
An announcement was made in the Budget in March relating to new rules for Directors' Loans, the legislation has now been published. This legislation will be finalised when the Finance Act becomes law (normally in July) but the new rules have effect for some transactions from 20 March 2013. What is the position for loans made by a company before 20 Continue Reading
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What is overtrading?
Imagine that for the next quarter your turnover doubled from £60,000 to £120,000. To achieve the extra turnover you had to purchase product that cost you £60,000. On the face of it this is great news for your business. In three months you will have generated £60,000 (Sales of £120k less direct costs of £60k) of additional profit for your Continue Reading
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Interested in making more profit?
We would guess, yes you are? But how? The problem with stagnant markets (i.e. verging on recessionary) is the amount of ‘talking down’ that goes on: don’t know about you but sales have taken a hammering, don’t get the support we need from the bank, and so on… We would like to offer you a different perspective. Profit is the Continue Reading
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