Financial Information

The Importance of Financial Forecasting for Small Businesses

June 26, 2024

The Importance of Financial Forecasting for Small Businesses Financial forecasting is a critical component for the success and sustainability of any small business. By predicting future revenues, expenses, and cash flow, business owners can make informed decisions and prepare for potential challenges. This practice not only helps in managing daily operations but also in strategizing

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What are the differences between a trust and a limited company

May 8, 2024

A limited company A limited company stands as a distinct legal entity capable of holding assets on behalf of its owner, even though technically relinquished by the owner. However, shares remain part of the owner’s estate for Inheritance Tax (IHT) considerations. Unless the asset is cash or utilized in a trade, Capital Gains Tax (CGT)

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Gift Aid

December 7, 2021

GIFT AID   Giving to charity under Gift Aid can result in a lower tax bill for the donor. Making a Gift Aid donation will reduce your tax bill for the year in which the donation is made if your total income is above the 40% threshold (£50,270 for 2021/22). Taxpayers resident in Scotland can

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Merranti Accounting Local Accoutnant Covid Business Update

Covid Government Scheme Report

November 19, 2020

REPORT RELEASE: Merranti Accounting has just released their free latest report on the schemes being offered by the Government. A 12-page document that will list and explain in detail on all the potential benefits that are being offered by the Government. Get your copy here 

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Fake Government Grants Fraud Alert

December 15, 2017

  Fake Government Grants Fraud Alert Individuals and businesses are being warned to watch out for cold calls and online contact from fraudsters who are offering victims the opportunity to apply for Government grants for an advance fee. To make the grants look legitimate fraudsters have set up bogus companies and convincing looking websites that

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Rise Increase Rates

Rise in Interest Rates for the first time in 10 years

November 10, 2017

Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates.   The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to

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Register for VAT

When must a business register for VAT

October 17, 2017

  When must a business register for VAT A business should register for VAT if their ‘Taxable Supplies’ over the past 12 months have exceeded the VAT registration threshold. From April 2017, the VAT registration threshold has been £85,000. Therefore, if at the end of any month, the total value of all the taxable supplies

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The National Living Wage, what does it mean to you and your business?

February 26, 2016

As of the 1st April 2016 all employers will be required, by law, to pay all of their employees over the age of 25 (that are not in the first year of an apprenticeship) a minimum of £7.20 per hour. Anyone employed under the age of 25 will need to be earning their age appropriate minimum

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New Budget for 2014

March 19, 2014

Key points about the new budget set out for 2014, as big changes are set out for you and your future.

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