An Idea is not a Business, but Music may be Different

An idea is not a business. The history of entrepreneurship is littered with great ideas, from better mouse traps to the exotic deli in a rural village. In today’s sound bite we explore the difference between an idea and a business and what is important when moving from one to the other.   However, as I […]

Moving your ideas into reality & the reluctant the cyber heros

You are giving birth to a business. Your baby begins life as a spark of an idea, small but precious. Your baby is growing. The spark grows as you wrap around it the ideas that will ultimately result in a fully functioning, albeit young and immature, business. Moving your ideas into reality is the process […]

The Book that Changed our Business, Dodgy Expense Claims, Big data & Presidents

This week we start our journey through the life cycle of your business, and I want to introduce you to the book that had a profound effect on me it is the book that changed our business. First the good news! Monday saw some positive news for a change, the face of the new French […]

The Business Life Cycle & Royal Announcements.

The business life cycle is cradle-to-grave analysis or putting it another way Hatch, Match and Despatch. It is an interesting day to discuss the business life cycle, as we are surrounded by events that show the process in its full glory. The Royal Announcement The Palace has announced that Prince Philip will retire from public engagements from the autumn.  Yes, […]

VAT and charity plus little acts of kindness

No more politics … Last week we were into VAT and charity looking at how they can save money. Then we became overwhelmed by the announcement of a snap election. Funnily enough, after the last sound bite, I received an email saying how much they liked our weekly post but begging for us to stay […]

VAT and charities, Weetabix, and a snap general election

This week I am returning to that most opaque of taxes,  VAT, I want to focus my attention on VAT and charities, how it impacts and some of the ways that a charity can save vat by being vigilant. You would think a charity would be exempt from all taxes including VAT, but that is […]

Happy new tax year, and new pound in the pocket.

Yesterday was the Hogmanay for accountants up and down the country. Shame we could not celebrate this New Year in the usual fashion … school day today! The planning is over, and as of today, we crossed into the New Tax Year of 2017/18. In today’s sound bite I am bringing our planning series to a […]

Vat hike for low-cost traders

My thoughts today are with the approach of the tax year and that nasty VAT hike for low-cost traders. I am on a train from Inverness to Dunblane … Well, not exactly. I was on that train, but as I write this, I am in a hotel in Dunblane. There were two surprises waiting for […]

Personal tax allowances, deadlines and decisions

March is well underway and spring is around the corner which can only mean the new tax year is closer than ever. Back to basics this week and looking a the personal tax allowances. In other news, I received a letter this week, signed by Ruth Davidson. Does that mean that I am really somebody now? […]

Tax Saving with ISA’s and the 2017 budget

Today it’s tax saving with ISA’s but first The Budget – was it worth it?   To my way of thinking there were only really 3 things of note. Class 4 NIC is increasing but Class 2 NIC is being abolished and both only impact the self-employed. The £5000 dividend allowance is being cut to […]