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Blog: Your Business

PREPARING YOUR BUSINESS FOR SALE

By Michael Cantwell, head of corporate finance at RMT Accountants & Business Advisors Ltd The last two years have been the catalyst for change on a wide range of different fronts within the commercial world. Without the pandemic, there’s no way, for example, we would have seen remote and flexible working being such a common

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Dividends V Salary: Making profits pay for your salary

We all want to keep more of our hard-earned money. For business owners, it can be a difficult balancing act to find the most tax-efficient way to get paid from the company’s profits. This is where the dividend versus salary debate comes into play, as the way in which we are paid can have a

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£12 million funding launched to boost UK tech growth

A new grant competition has been introduced by the Government to aid the growth of innovative tech start-ups and scale-ups in the UK. The Digital Growth Grant, worth £12.09 million, aims to offer accessible skills training and guidance over two years, as well as support facilities to the digital and tech sector. The funding will

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Looking to sell your business? Here are some things to think about

At some point, every business owner needs to move on from their business, whether to retire, to deal with a change in personal circumstances, to embark on a new project or for any number of other reasons. Equally, businesses can reach a stage in their growth where scaling up becomes increasingly difficult, as meeting the

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R&D Tax Credits – What is changing next year

Several important changes are happening to research and development (R&D) tax reliefs in April 2023, which could affect what income qualifies for R&D tax relief that businesses need to account for in their plans. These new measures are still being considered by Parliament, but details of the upcoming amendments to the R&D tax relief system

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How can you finance a new business?

Financing a new venture is a challenge, even harder in the current climate of high inflation, global uncertainty and the backdrop of war in Europe. Difficult, but not impossible. With planning, careful research and the right advice, you should be able to find the finance that is right for you. If traditional funding is difficult,

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Keeping a lid on business expenses

It is always a challenge to keep costs down for businesses, particularly at a time of soaring inflation and steep rises in the cost of utility bills. An expense report is designed to report on any business-related expenses an employee incurs, either by using a company credit card or by using their own funds. This might

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Don’t ignore the warning signs that you or a customer’s business is in trouble

You have worked long and hard to get your business up and running and have put your heart and soul into making it successful. The thought of losing it can be incredibly stressful, both for you and any employees who could lose their jobs. Equally, if you have a customer who owes you money, you

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Right to work: Government to launch virtual identification scheme to support employers

A new digital identity scheme will help employers carry out right to work checks, it has been announced. The Department for Digital, Culture, Media & Sport said new employees will be able to prove their identity using digital methods “easily and quickly” instead of having to rely on traditional physical documents. Known as “digital identities”,

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