Jun 2 2022 Don’t push your cashflow limits too far Categories: Property & Construction Managing cashflow is one of the biggest challenges for construction businesses, with many actively delaying payments to suppliers for as long as they can and negotiating payment plans to extend its credit terms. While there is nothing wrong with that, it can lead to unforeseen troubles. One of our clients, a medium sized company in more
May 24 2022 Land Diversification Categories: Agriculture With continuing farm subsidy uncertainties and rising input costs, farmers are now assessing the viability of land diversification and in particular the use of trees and woodland within their boundaries. Timber production can be a valuable source of income and it can also help reduce costs and provide a more certain and structured revenue stream more
May 17 2022 Time for a Spring Clean Categories: Charities At this time of year, many of us do our annual spring cleaning and its good practice for trustees of charities to do the same. Good governance demands clear, appropriate, and complete set of procedures and policies to ensure any organisation is well run and by ‘cleaning’ them, you will be in a better position more
May 13 2022 The Food Processing, Marketing and Cooperation Grant Scheme Categories: AgricultureFood & Drink The next round of the annual Food Processing, Marketing and Cooperation Grant Scheme (FPMC) is now open for applications. As one of a number of funding schemes which make up the Scottish Rural Development Programme, the FPMC provides £10.2 million of grant funding to businesses (or groups of businesses) within the Scottish food & drink sector more
May 11 2022 The next round of Innovate UK Smart Grants is open for applications Categories: Technology Innovate UK, part of UK Research and Innovation, is investing up to £25 million to deliver disruptive R&D innovations that can significantly impact the UK economy. The smart grants aim to offer funding where other opportunities are not available or appropriate, and where timing is key to ensure swift and successful commercialisation post-project completion. The next round of more
May 4 2022 The FCA to regulate the pre-paid funeral plans sector from 29 July 2022 Categories: Healthcare It was announced early last year that the Financial Conduct Authority (FCA) will start regulating the pre-paid funeral plan sector from 29 July 2022. As this deadline fast approaches, it is important that you submit the required application if you intend to continue offering pre-paid funeral plans after this date. The regulation will extend to more
May 2 2022 FHL earnings for National Insurance and pension purposes Categories: Leisure There has been a lot of media overage surrounding the recent 1.25% increase in National Insurance Contributions (NICs) from 6 April 2022. The increase was applied across both employers and employees NICs and will revert to the previous levels when the new Health and Social Care Levy (HSCL) is introduced from 6 April 2023. How more
May 2 2022 Should I change my year end date? Categories: Leisure With confirmation that the basis period reform is going ahead as planned, it could impact many FHL businesses, where they trade as unincorporated businesses (sole trade or partnerships) and who do not use 5 April or 31 March as their accounting date. From 6 April 2024, profits and losses of sole traders and partnerships will more