Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you, and easy to contact www.shaikhandcoaccountants.com; 01892 552696; 01732 247 550.   Unleash the power of generative AI: A potential game-changer for your business As accountants, we understand the importance of leveraging technology to drive efficiency and innovation in business operations. In this article we will introduce you to the concept of generative artificial intelligence (AI) and the transformative powe ..read more

Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further.   Budget 2024: Key measures for property landlords The UK Spring Budget took place on 6 April 2024. Several measures were announced that are of particular relevance to property landlords.   Capital Gains Tax Gains on disposals of residential property made on or after 6 April 2024 will be subject to a main capital gains tax (CGT) rate of 24%. Prior to this date, such gains were subject to CGT at 28%. The main rate applies to gains on disposa ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696; 01732 247 550. Shareholder Agreements for limited companies: What you need to know When there are several shareholders, a new company is being formed, a shareholder wants to pass their shares or pass them to their children, someone is nearing retirement, or the company has borrowed money from a shareholder, issues can easily arise that jeopardise the c ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696 ; 01732 247 550. Redundancies – what factors should be considered? In times of economic uncertainty or because of operational challenges, you may find your business is facing tough decisions, including the possibility of redundancies. While such situations can be daunting and emotionally challenging, careful consideration and planning can help reduce th ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696   Spring Budget – A budget for long-term growth? This potentially is the last budget before the next general election, which will need to be held before 28 January 2025. The Budget was designed to emphasise the government’s good achievements as well as to appear to lower taxes and curry favour with voters. There was a strong emphasis towards making ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696 Understanding the pros and cons of the VAT Flat Rate Scheme for businesses Value Added Tax (VAT) is a significant consideration for businesses. It impacts your cash flow, the amount of admin work needed, and even your overall profitability. One option available to businesses – with a VAT exclusive turnover of £150,000 or less – is the VAT Flat Rate Sche ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696; 01732 247 550. Navigating recession: Key considerations for your business The Office of National Statistics released official figures last week showing the UK is now officially in recession. Gross domestic product (GDP) for the October to December 2023 quarter dropped by 0.3%. This followed a fall in the July to September 2023 quarter of 0.1%. A fall i ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696; 01732 247 550. Year-End Tax Planning: Maximising benefits for your business We are now within the final two months of the tax year, and for many businesses, the end of the tax year is also the end of the business’s financial year. This can be a good time to review your business tax planning to ensure that you minimise tax. Assessing profit extraction m ..read more

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you and easy to contact www.shaikhandcoaccountants.com; 01892 552696; 01732 247 550. Streamlining your business: Strategies to speed up customer payments and improve cash flow One key aspect that significantly impacts a company’s financial health is how quickly customers pay you. Efficiently managing and improving the speed at which customers pay can bolster your cash flow, improve liquidity, and contribute to overall bu ..read more

Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further.  Housing market outlook for 2024 The Nationwide House Price Index for December 2023 found that UK house prices fell by 1.8% over the course of 2023, with only Scotland and Northern Ireland seeing rises during the year. Nationwide’s Chief Economist, Robert Gardner, said “Housing market activity was weak throughout 2023. The total number of transactions has been running at around 10% below pre-pandemic levels over the past six months, with those i ..read more