Consultancy

Far too many SME (Small to Medium Sized Enterprises) lack any cogent form of a Strategic Plan: they seem to exist in an endless chain of “Firefighting”: having to devote significant management time to rectifying the latest urgent crisis.

A business that lacks a core Business Plan is like a man lost in the Sahara with no map and no compass and only enough water to make it to the next oasis: which is fine, if he actually knows precisely where that oasis is!

Like the guy in the desert, a business has finite capital resources: and if it spends too long proceeding in the wrong direction, then it runs out of cash.

Do you know where you are headed? Have you tabulated a series of primary objectives and the strategy and tactical approaches you are going to use to attain those goals?

If not: then you probably need our help!

Budget Latest

Key Budget Highlights

· Main rate of corporation tax cut from 28% to 26%.
· Small profits rate of corporation tax cut from 21% to 20%.
· Personal allowance increased by £1,000 to £7,475.
· All National Insurance rates increase by 1%.
· R&D tax relief for small and medium sized companies increased from 175% to 200%.
· VAT compulsory registration turnover threshold raised from £70,000 to £73,000.
· Capital gains tax annual exempt amount raised from £10,100 to £10,600.
· Entrepreneurs’ relief lifetime cap raised from £2 million to £10 million.
· Income tax relief on investments in EIS shares increased from 20% to 30%.

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