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Stock holding and inflation
June 6th, 2022

If your business processes materials or assembles goods for sale it will need to keep a stock of items to ensure that future sales can be met. Ideally, stock levels should be kept to a minimum such that hard won cash reserves are not tied up unnecessarily. You will need to manage stocks to cover […]

Holiday lets – occupancy and benefits
June 6th, 2022

There are a number of tax incentives if you own and let a furnished holiday lets property (FHL). They include:   Claiming Capital Gains Tax reliefs for traders (Business Asset Rollover Relief, Business Asset Disposal Relief, relief for gifts of business assets and relief for loans to traders), Entitlement to claim capital allowance deductions for […]

Sunak steps up
June 1st, 2022

Long-awaited government support to help consumers meet the unprecedented increases in energy costs was announced by the Chancellor this week.   His measures have been widely appreciated, but will he need to return with more largesse to meet even more prices increases in oil, gas and electricity prices in the autumn? What has he offered […]

Heat Pump Scheme
May 31st, 2022

Many households are considering their options to reduce their energy costs in light of the recent price hikes in the cost of electricity and gas.   Aside from breaking into long sealed chimney breasts and burning the furniture, realistic options have been extended in recent weeks by the introduction of a government grant of £5,000 […]

Commercial risk
May 26th, 2022

Setting up and running your own business is a risky undertaking. What happens if sales reduce or disappear, and you are left with unpaid costs or loans and no cashflow?   The experience of recent COVID lockdown challenges – aside from the risk to personal health – has resulted in business closures at an unprecedented […]

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