Bitcoin reached its peak in December 2017 at nearly $20,000. Just five months before in July 2017 it was trading at $3,000. Now, nearly seven months later, the value has dropped over half. Bitcoin, and other cryptocurrencies, are new forms of electronic money, completely free of government control. Read more on bitcoin and taxes here.
In this article, The Financial Management Centre team explores the main reasons why business owners want to change their accountant and what to do if you're now ready to make the change. Around 400,000 businesses change accountant every year. Each business owner has their own reasons for doing so. If that's you, then you'll be relieved to hear that the process of changing accountants is a simple one.
When looking for finance for your business, you may notice that many lenders ask for personal guarantees before they'll part with any money. If you need extra funding for growth, new equipment or hardware, providing a director's guarantee helps to reassure lenders that they will definitely get their money back should your company be unable to repay the loan.
The 4th annual Hillingdon Business Expo attracted over 100 exhibitors and was attended by more than 1500 visitors from regional businesses and local enterprises. The popular event, which took place on Thu 31st May 2018 at the Brunel University London campus in Uxbridge, was packed with presentations, advice sessions, BBQ networking, prize draws, and demos.
As customs and tax collectors are pre-occupied with finalising Brexit, the roll out of new digital tax system known as “Making Tax Digital” has been delayed by HMRC. Making Tax Digital is a scheme designed to simplify the management of individual and business tax payments. The digitalisation of the yearly tax return hopes to phase out the traditional self-employed tax return scheme.