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How to fund a potato salad | Part 2

Those who read our post yesterday will be aware of the journey of a gentleman from Ohio called Zack Brown who is raising money through crowd funding to make a potato salad. At the time of writing yesterday’s post, the … Continue reading

How to fund a potato salad | Part 1

Anyone who knows us knows that there’s nothing we love more than someone with a bit of an entrepreneurial knack and the ability to see the potential in even the most simple of things. It was only last year we … Continue reading

How much can I borrow under EFG?

Borrowers can access funding between £1k and £1.2m over terms ranging from 3 months right up to 10 years. Many lenders will offer the chance of a capital repayment holiday to further aid cash flow. What are the costs of … Continue reading

Which employees need to be auto-enrolled into a pension?

You will need to assess your workforce initially on your staging date, and at every pay reference period which is at each monthly or weekly payroll run, and when a worker reaches any pivotal age of 16, 22, and state … Continue reading

Will a factoring provider fund against all of my debtors?

Generally most debts in your business will be able to be funded against although some exceptions do exist. Unincorporated customers will tend to be backed although individuals (‘Joe public’) are unlikely to be funded against. The concentration of the debtor … Continue reading

What do I need to put in a business plan?

Business plans allow you to put your ideas onto paper by setting out the targets of your prospective business and, crucially, how you are going to achieve them. Perhaps more importantly though, having a watertight and succinct business plan can … Continue reading

Can I convert an existing personal life policy to a relevant life policy?

This a common question when it comes to looking into relevant life policies and unfortunately, in short, the answer is no. A new contract must be established by the… Continue reading

How do I arrange a factoring facility?

The first port of call should always be your accountant who will work with a variety of different providers and who should be impartial when it comes to whom they place business with.

Once an initial meeting has been … Continue reading

How much will it cost to complete my tax return?

If you do opt to enlist a professional tax adviser, the amount of work taken to complete a tax return can differ and therefore so can the costs.

Some firms do not quote ahead of the work; they will… Continue reading

Do I need to use the NEST for Auto-Enrolment?

No. As an employer you have various options open to you such as; using the National Employment Savings Trust (NEST), converting your existing scheme to meet the required quality standards, putting in place a new scheme offered by a… Continue reading

Do I have to complete a tax return?

Perhaps unsurprisingly, we hear this question a lot.

Generally, the most common circumstances requiring Self Assessments are… Continue reading

Capital Allowances – are you missing out on Tax Relief?

If you own commercial property, are about to sell commercial property, or are about to buy commercial property, recent changes to legislation on Capital Allowances may mean that you are not obtaining all of the tax relief available to you. Continue reading

May 2014 Successes

Here are our deals, client wins and accomplishments from May… Continue reading

May 2014 top tweets

Take a look at some of our favourite tweets to come through the @sedulogroup Twitter account over the past month… Continue reading

Auto enrolment fines and penalties

The employer duties that come with auto enrolment are not optional and The Pensions Regulator (TPR) will be responsible for ensuring that you comply with your employer duties.

There will of course be penalties associated with not complying with… Continue reading

What are the limitations with a relevant life policy?

The level of cover is subject to normal underwriting limits and so the maximum level of cover is restricted to up twenty times salary and remuneration package (including pension contributions).

However, the limits and definition of remuneration packages vary… Continue reading

How the banks are lending

As the economy continues its gradual progress to full recovery and the financial outlook of the country is steadily improving, we are finally experiencing a little more liquidity in bank finance at all ends of the spectrum. Whilst bankers on the frontline have been preaching the banks’ mantra that they are ‘open for business’ for quite some time now, it has taken until comparatively recently for consumers… Continue reading

Are HMRC getting more from you than they should?

There has been a flurry of activity from HMRC recently, all designed unfortunately to raise more money for the treasury. Firstly, HMRC have issued late filing penalty notices for all 2013 tax returns that weren’t submitted within the deadline of … Continue reading

Do HMRC already have too much power or should we encourage greater effort to collect tax owed?

Some MP’s have raised concerns of proposal’s in the Chancellors budget to allow HMRC to raid personal bank accounts of taxpayers who fail to pay up despite repeated reminders. Head of tax at Sedulo, Darrell Booth, believes this measure will get through despite protestations… Continue reading

Why choose crowd funding over bank debt?

Even with the proposed changes to make bank funding more accessible, the time taken to gain credit approval can be a lengthy process; often taking weeks to get an answer.

The major attraction of Crowd funding is the streamlined application and acceptance process… Continue reading

What a difference 5 years makes…

This month, we are celebrating our 5th birthday.

It’s been quite a ride; we’ve seen growth in all facets of our business, numerous business, tax and corporate finance successes in a variety of business sectors, and all in the backdrop of… Continue reading

Why would I need a relevant life policy?

If you are a company director and you have personal life cover to protect your family and dependents then you could be paying more tax than you need to.

If you pay for life cover from your own bank account then you will be paying from post tax … Continue reading

How much does relevant life cover cost?

A relevant life policy is priced the same as personal life cover by providers, it is who pays the premiums, and the tax treatment of premiums, that derives the cost savings.

There is no additional charge by insurers for having a relevant life cover. Continue reading

What are the advantages of a relevant life policy?

Arranging life cover for yourself can now be treated as a legitimate business arrangement and, with your company paying the premiums, there is also the potential of reducing your company’s Corporation Tax liability.

Here are some of the advantages of relevant life policies… Continue reading

Can you avoid the child benefit tax charge?

Child benefit starts to reduce if one of the parents earns more than £50,000.

Depending on your income and the level of pension contributions that you are already making, it may be possible to avoid the Child benefit tax charge by making additional pension contributions. Continue reading

What are changes to Annual Investment Allowances?

There are two welcome measures designed to stimulate business investment in plant and machinery.

We had a temporary “annual investment allowance” (AIA) of £250,000 due to expire on 31 December 2014 but this period has now been extended to 31 December 2015 after which the amount will reduce… Continue reading

After the Budget announcement, how much can be taken from a pension?

If you have a small pension… The small pension fund benefits allowance, known as Trivial Commutation, has increased from £18,000 to £30,000 from the 27th March 2014 for people aged 60 and over. In addition to the triviality rules, you … Continue reading

What do the Budget 2014 changes mean for tax avoidance schemes?

Bad news for all those taxpayers that are still happy to use promoted tax schemes to avoid tax. All schemes with a requirement to notify under the DOTAS regulations are to be counteracted under the General Anti-Abuse Rule (GAAR). This … Continue reading

What are the new ISA limits?

Excuse the pun, but the New ISA has certainly become nicer. First of all, the ISA limit has been increased to £15,000 from the 1st July 2014. In addition, there is no fixed or maximum amount that can make up … Continue reading

What are the increases in personal allowances?

The chancellor made a surprise announcement with a small unexpected give away. We had been expecting personal allowances to increase from £9,440 to £10,000 for 2014/15. It was announced that the allowance will be further increased to £10,500 for 2015/16 … Continue reading

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