R&D tax relief changes
Read our article detailing the latest updates to R&D tax reliefs in the UK, as well as an overview of previously announced changes.
We look at your options to new sources of finance
As banks look to bolster their balance sheets following the financial crisis, it’s reported that 38 percent of businesses feel they’re being held back by a lack of access to finance.
This number almost doubles among organisations with an annual turnover of more than £1.1 million. It’s thought that SMEs could be worth an additional £20 billion to the UK economy by 2020 – but only if they can have the finance they need to grow.
While UK banks are the source of nearly 80 percent of all credit, businesses are increasingly looking to alternative finance options to fund their growth. Indeed, the CBI suggests “a new normal” has emerged, where the traditional forms of finance, such as loans and overdrafts, are no longer the preferred option.
In recent years, new sources of finance, such as crowdfunding, have shaken up the world of business finance by providing an alternative capital lifeline to start-ups and existing businesses looking to expand.
However, the same considerations apply as with traditional finance. You still need to define exactly what you need the funds for (capex, working capital or investment expenditure, for example) and the funder will still want to see a strong, detailed business plan and financial model.
Contact us today to find out more about how we can help you
Read our article detailing the latest updates to R&D tax reliefs in the UK, as well as an overview of previously announced changes.
In our roles as M&A advisors, we are often asked how ‘successful’ our previous deals have been and how to best guarantee success for our clients. In this article, we explore the idea of success further and consider why tracking success is as difficult a challenge as defining it in the first place.
New guidance was issued in August 2023 by the Charity Commission under CC14. Read our article to understand what changes have been made and how they may affect you.
This guide is designed for those considering or who have recently set up an Employee Ownership Trust (EOT) for their organisation.