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It is unsettling times for everybody and for charity trustees it is no different, but unfortunately not all charities have the support or advice they need.
As the volume of activity increases online, so does the risk of online fraud. Any limited company is exposed to corporate identity fraud as the company details are held online with Companies House. Companies House deal with around 50 to 100 cases of corporate identity theft every month.
There was considerable anticipation ahead of the Chancellor unveiling the Winter Economy Plan today (Thursday 24 September). It is likely that the South West business community will now be breathing a collective sigh of relief following the announcement of a package of support to protect against the ongoing impact of the Covid-19 crisis.
The challenges facing the UK manufacturing sector are many, varied and well documented; whether they arise from Brexit or the problems of Covid-19 and lockdown, the sector is currently experiencing uncertainties unseen for many years.
Have you considered business loan protection?
Many people overlook business loan protection, but have you thought about what would happen if your family was left with the burden of having to repay your business loan?
The appointment of a financial planner with 20 years’ experience is helping us to meet increasing customer demand for specialist advice. Simon Valentine-Marsh is based in our Exeter office, supporting business clients and individuals across Devon and beyond.
The Enterprise Management Incentive scheme (EMI) is a tax advantaged share option scheme for employees. The key benefits of the scheme are that any employee tax liabilities on share options granted under the EMI can be deferred until the shares are sold and that any profit can be liable to capital gains tax, rather than at higher income tax rates.
Many people are predicting what the Chancellor’s Autumn Budget will include.
Chancellor of the Exchequer Rishi Sunak’s imaginative Eat out to help out scheme was highly popular. Designed to give the restaurant sector a boost in August, it was the latest in a long line of Government initiatives to support business and mitigate the economic damage caused by the Covid-19 pandemic.
It’s difficult to overestimate the financial impact that the prolonged absence of the owner of a business (or one of its key employees) can have on that business. While the odds of a person dying during their working life, between the age of 25 and 65 are pretty good at only about 1 in 25, the probability of them suffering a serious or life-threatening illness is much greater at around 1 in 7, meaning that 14% of business owners will be affected in this way. The odds of a business owner either dying, suffering a serious illness, or of being unable to work for two months or more are a staggering 1 in 3.
Cashflow is such a basic that almost all businesses will say they understand its importance. However, people often struggle with the tangible actions they need to take to effectively manage it. This is especially true if a change in circumstances places them in a situation they are unfamiliar with.
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Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.
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