Posts by edwardsbailey

Budget Update 2021 – Things to know Rishi Sunak’s budget update included many of the points that were expected, but also some curveballs that no one saw coming.  Below we have detailed some of the key points from the budget and how they will impact you and your business.  Furlough Scheme The furlough scheme has…

From the 1st October 2019 HMRC planned a drastic change to the way that VAT registered businesses in the construction industry deal with VAT. With the likes of Brexit taking precedent the date that these changes will be implemented has now been delayed until 1 October 2020, giving everyone more time to prepare. What Are…

If you have a Limited Company it is essential to have a basic understanding of the tax the business will pay so you can be prepared for that inevitable tax bill. At present the Corporation Tax rate for a Limited Company is 19% of the businesses taxable profits, which at the date of this article…

Taking on employees can be essential for a business to grow and increase its capacity. However, before taking on employees does your business make enough money to pay its wage bill each month? When looking to take on employees you need to consider the true cost of employing them. You may look at the salary…

We recently assisted a client incorporating a Limited Company, but unfortunately the client had bad credit. Although a Limited Company is a separate legal entity from its directors and shareholders, bad credit can cause significant issues when setting a company up. Bank Account The first issue the client faced was opening a bank account. No…