Married couple’s business splitting for VAT purposes
Two separate businesses run by a husband and wife have been investigated to find out whether they are, in fact, one business that is liable to register for and pay VAT, or two independent businesses. The businesses each involve food – in fact it’s a café and restaurant trading right next door to each other, so it was reasonable to question the business set up. As it turned out, the couple were ruled to be running separate businesses for VAT,…
Escape from your ex-partner’s clutches and quadruple your business’ worth
Do you dream about selling your business? Could you retire to your perfect home, take those magical holidays and generally chill out, content that you’ve got enough in the bank to see you through? Or you may fancy selling up and starting something fresh. Either way, it’s always good to have a well thought out exit plan. James used to sit in his office dreaming his dream – a dream that required him to sell his business for £3m. But…
How two Capital Gains Tax bills were reduced to zero
If you’re in a stressful situation such as you’re getting divorced or have had to move due to a disability, the last thing on your mind is likely to be a tax bill. It’s certainly not something that would cheer anyone up at the best of times, so in times of personal stress it’s just one more headache. Fortunately a couple of our clients have benefitted this month from our tax specialist Denise’s advice on reducing their Capital Gains Tax…
How we saved one company 43 days a year!
How far are you down the road to being technologically effective? It’s a fact that many businesses do “what they’ve always done” – without realising that, although their systems might work perfectly well for them, there are better, smoother, more time-efficient ways of completing their business functions. As technology constantly advances and encompasses all areas of running a business, we make it a priority to ensure our clients are set up in the most efficient way – not only for…
Get ready for changes to the IR35 rules
The IR35 rules will be changing next April. Here are some of the important changes that may impact on you as an engager, agent or worker. Now: If you’re a contractor providing a service through a Personal Service Company (PSC) or similar set-up, it is your responsibility to decide if the IR35 legislation applies to the contract you’re working on. Apart from: Public body clients are an exception; if you’re engaged by a public body, IR35 is their responsibility, not…
Top Five Firm at the Accounting Excellence Awards
We were thrilled to be named as a Top Five Firm in this year’s Accounting Excellence Awards, held at the Brewery in London. The prestigious award ceremony was hosted by one of our favourite comedians, the fantastic Katherine Ryan, along with entertaining radio and television announcer – the ‘Voice of God’, Alan Dedicoat. The Accounting Excellence awards are highly focused on software use within the accounts industry, with categories including cloud applications, data and expense management software, and professional tax…
Nordens receives the “Global Advisory Experts” Award for Business Turnaround Services
We are delighted to announce that we’ve won another prestigious award! It’s a huge honour for us to have been awarded the Global Advisory Experts: Business Turnaround Services Advisory Firm of the Year in England. This fantastic award recognises our high level of success at helping businesses to overcome their challenges and move forward in a smooth and profitable way. What is Business Turnaround? Quite simply, business turnaround is the process of taking a business that’s underperforming and turning it…
How to smooth a turbulent cashflow
An independent finance firm recently surveyed 1000 small businesses to find out what cash flow obstacles they’ve faced and how easy it’s been for them to overcome those issues. Hopefully you’ll agree that accountants tend to be the most trusted business advisors for SMEs; certainly 72% of business owners told ICAEW that they get added value from maintaining good relationships with their accountants. So what did the research show? Cash flow Managing cash flow is one of the biggest concerns…
Seven steps to plan positively for the next recession
Everyone seems to agree that we are on the verge of a worldwide recession. Whether or not this is the case, the economy is facing difficult times and this will affect many businesses. However, as a business owner, there’s no need to despair; a recession can be an incredible opportunity for your business. This is the time to really think about how world economics will affect you: what are you going to do, twist or bust? Whilst it’s true that…
