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How Should You Respond to the Recent Interest Rate Cut?

With inflation and the cost of living continually rising, the decision of the Bank of England to slash interest rates has caused obvious consternation in the UK. There was hardly much fat left to trim on the savings rates anyway, but banks and building societies nationwide are now trimming their rates further in order to cope with the changes. As a result of this, thousands of standard savers across the UK are being forced to react quickly and in a proactive manner if they are make the most of their earnings. How to Respond to the Recent Interest Rate Cuts in...

EIS or SEIS: What’s Right For You?

by Charles Owen, Founder & Director, CoInvestor In the post-Brexit investment climate of volatile equity markets and, as looks likely, even lower interest rates, smaller companies look set to emerge as an increasingly attractive proposition. In addition to these factors, the UK government continues to offer tax breaks to encourage private investment in smaller firms. Two initiatives in particular – the Enterprise Investment Scheme (EIS) and the more recent Seed Enterprise Investment Scheme (SEIS) – are worth a closer look. While EIS and SEIS are broadly similar in terms of tax relief counted against investment, being favourable income tax breaks and the...

Stocks and Shares ISAs Explained

There are lots of ways to improve your tax efficiency, and for those who are busy considering their options, stocks and shares ISAs can be an ideal solution. These tax efficient investment instruments work in much the same way as their cash equivalent, yet those who do their research will soon discover that they offer the opportunity to receive far higher returns. If you'd like to look into them a little further, then here's some information to help improve your understanding...

AIM Soiree and LSE Soiree Merge to Become Investor Soiree

We'd been mulling it over for a while and then back in April we pulled the trigger. I'm talking about the amalgamation of AIM Soiree and LSE Soiree under the Investor Soiree banner. Now, instead of ranking the bulletin board (bb) posting levels for 900 AIM shares on AIM Soiree and a further 600 main board LSE shares on LSE Soiree, we rank those levels for all 1,500 shares together on Investor Soiree. All in the one big pot. Using a little inhouse technology we monitor the posting levels of activity on the boards of Interactive Investor and London South East (lse.co.uk)...

Why the General Election 2015 is All About the Economy

“It’s the economy, stupid!” - Could probably lay claim to be the most para-phrased slogan in American politics - the now legendary quip from a campaign strategist became the public rallying cry of Bill Clinton’s successful presidential election campaign of 1992. One can’t help but think that the General Election 2015 can be boiled down to that simple phrase as it seems clear that in this election the economy is where the major battle lines have been drawn. Two key factors – whether people feel better off, and which party they trust most to manage the economy – will influence the choice...

How to Insure Your Home-Based Business

Working from home is just one of the ways startup companies can slash their operational costs. However, one of the drawbacks is that your standard contents insurance policy may not provide you with adequate protection you need. While certain policies are essential, there are others specific to the type of business you may run. All-Risks Cover A typical domestic contents insurance policy includes both electronic goods and furnishings. Depending on your insurance provider, though, this often doesn’t include home office equipment and, if it does, your claims may be limited. While this varies between each policymaker, it could mean expensive audio-visual...

Should You Outsource to Bookkeeping Services Providers?

In the early stages of a business, or if you own a small business, it can be tempting to handle the day to day bookkeeping activities yourself. Why not? After all there are plenty of off the peg packages available. Though a small proportion of business owners don’t mind doing this kind of work, many quickly get bogged down in it or find that they can’t keep on top of it and manage all the other vital functions of their business. That’s why bookkeeping services in London are continuing to grow apace with the burgeoning SME sector. But sometimes the issue...

Why the UK is Such a Magnet for International Trade?

The national headlines have recently been heavily slanted towards the subject of large scale labour immigration into the UK but what has slipped quietly under the radar is the substantial influx of foreign companies into the country in recent years. Leading providers of international tax services like London based accountants, Baker Tilly, have identified the likely causes of this welcome surge in foreign investment in the UK and some of the reasons why the country has, in recent years, taken over from the Netherlands as the principal destination for overseas companies’ European Headquarters. Specialists in international tax services have long been...

Business Tax Services Professionals Warn Employers To Beware Of PAYE Penalties

In this age of fiscal discipline, controlling cash flow and bad debts is as vital to government finances as it is to businesses so it comes as no surprise that HMRC is in the process of introducing its Real Time Information (RTI) system to immediately pick up on employers who are either being just plain slapdash or are heading for serious financial trouble. All too often, the Exchequer either has had to wait for late PAYE payments or to wait at the head of the queue of creditors when companies went into liquidation. The total cost is substantial enough for...

5 Common Accounting Mistakes To Be Aware Of

Owners of small businesses will often undertake most, if not all, of the day to day accounting tasks in their business. It’s a laborious process and one that can take vital time away from increasing new business and as the business does grow the accounting procedures can become more complex as well as increasing in sheer volume. When this happens it’s usual to either hire someone to handle the accounts or outsource the work. Quality chartered accountants in London and across the country offer outsourcing facilities, and bring a wealth of experience to the job. Often when work is outsourced the professionals...

Berkeley Mineral Resources

There's been some nice price action on an equity I'd almost forgotten I owned in the past few days. Not that I'm running with a portfolio overflowing with holdings, far from it, it's just that this equity in particular has been a bit of a slow-burner. In my opinion it's always been big on potential but without earnings it was always going to find the going tough in the current market. But possibly, that's all about to change...

AIFMD – A Tough Road Ahead

For fund managers falling within the scope of Alternate Investment Fund Manager’s Directive (AIFMD), 2014 is expected to be a busy year. The industry, which managed to stay out of the regulatory spectrum, came into focus following the events like financial crisis and the Madoff scam. These events brought to light the fact that the risks associated with AIFMs have been under estimated and are not sufficiently covered under regulations. In response to this, European Union (EU) under the guidance of European Securities and Markets Authority (ESMA) in July 2011 brought out AIFMD, a comprehensive and harmonised regulatory structure to cover...