The Only Way is UP…

Heard the one about the pundit predicting taxes will fall for people like thee and me? Thought not. We all know the only way taxes are going is up… so let’s get serious… Are you : 1.Using every allowance you’re allowed to get your hands on…? 2.Covering your money in every wrapper you can find…? […]

Get cash out of your company as-you-go… at Entrepreneurs Relief Rates

There are two HMRC approved Investor Reliefs that help you get cash out of your company at roughly Entrepreneurs Relief rates… year after year after year That’s right… you get to turn company assets (excess cash) into personal assets at ER (Entrepreneurs Relief) tax rates of 10%… as you go… no waiting for the Holy Grail company sale… […]

Pay no tax when you sell your company… EOT

Most owners get Entrepreneurs Relief and so only pay 10% on the Capital Gain when they sell their business…  many are not aware there’s a 0% tax option… Transfer controlling interest to an Employee Ownership Trust (i.e. sell the business to the employees) and you pay no CGT (and no Income Tax and no IHT) […]

Gifting Shares… if you’ve got to…

So you want to give some of your shares to staff or family members?… it may trigger a Capital Gain Tax bill for you, and an Income Tax bill for them… even if no money has changed hands… so some care is needed Gifting Shares to Employees Don’t do it… simple as that… if you […]

BS Shareholder schemes

CSOP … SAYE … SIP … schemes to get shares into the hands of staff … to be avoided … because there are simply better ways to do it… If you really need to know why … SIP and SAYE must be offered to all employees on similar terms … yeah right CSOP (the Company […]

patent box

Patent Box… videos and links

I did a full post on Patent Box a while back… but I thought I’d throw in a couple of videos we did on it a few years ago… This first video has poor sound quality, clunky jump-cuts and is a no frills interview with a cracking Patent Attorney… Tom Hutchinson of HutchinsonIP This second […]

wealth management

A Wild Way to look at Wealth Management

Owners of businesses are special in a ton of ways… and they need advisors who recognise that reality… but when it comes to Wealth Management it just doesn’t happen… Too many wealth/financial planning guys see you as walking pension pots…  maybe they’ll sort you Key Person Cover, and maybe encourage you to get a shareholder agreement in […]

Estimating Turnover

Your Competitor’s Turnover… how to calculate it

Filing abbreviated accounts at Companies House means people don’t know what your Turnover is… or do they? Old accounting lags like me and credit agencies have their own ways to estimate a company’s Turnover from just a Balance Sheet… here are a few… and they can be surprisingly accurate Estimating Turnover from Debtor Days Debtor […]

Lasting Power of Attorney

LPA Lasting Power of Attorney… what it is & why you NEED one

Protecting you guys from yourselves has become a mission of mine since a client’s world fell apart when her husband had a disabling heart attack… Terrible for him, his family and the family business… incapacity means legally decisions cannot be made… even by his wife, joint shareholder and driver of the business… without ridiculous, repeated, time-consuming, […]


EBITDA what it is, where to find it in your accounts and why it matters..

Earnings Before Interest Tax Depreciation & Amortisation There’s a video below below showing you how & where to find it in a set of accounts… but first I’d like to explain why EBITDA is so important… The finance community use it to compare your performance over time and with others… … that’s it… And to do […]