Back to Blog

Capital Allowances 130% Superpower! Kapow!
!

Earlier this year, you may have seen in the news – or online – talk of a new super duper 130% Capital Allowances deduction intended to accelerate investment by businesses. AKA the Capital Allowances Superpower!...

August 2, 2021

Capital Allowances - plant & machinery

'Super deduction' may not be so 'super' in reaching a decision on buying plant and machinery. Our practical advice to company clients has traditionally been: “If you need to replace plant and machinery to allow your business to continue trading profitably and grow, then don’t hang around asking when is the best time to buy the new equipment from the tax perspective; buy it now and don’t worry about the tax relief.” However, if it is more of 'I am thinking about buying a new digger in the...

July 27, 2021

Step 5 of Building a Better Business

Are you the bottleneck in your business?  How many departments are you leading? Are you doing a good job of them all? Get the right organisation structure in place and you’ll free up your time and reduce stress....

July 26, 2021

7 ways to grow your business

There are just seven ways to grow your business. The first five grow your sales and the last two reduce your costs. The seven ways are:...

July 19, 2021

WTF!: HMRC do have a sense of humour after all!

Well, That’s Funny; It appears that the HMRC tax tribunal does have a sense of humour. On a rare treat to the office, I pricked up my ears when I heard Jonathan burst out laughing about a tax case he had just read about. Given the volume of his outburst, I assumed that HMRC must have been brought to heel by a tribunal finding in a taxpayer’s favour. However, I was barking up the wrong tree and in fact it was a victory for HMRC; so why the laugh?It turns out that an employed taxpayer had clai...

July 6, 2021

Step 4 of Building a Better Business

Don’t be a slave to your business! Create a plan so you can extract what you want from your business. Need help developing your Business Plan or achieving your goals? We can help!...

July 5, 2021

Step 3 of Building a Better Business

Reflecting on your business’s vulnerabilities and defining where your business is at, warts and all, is a crucial step to building a better business. Knowing your starting point will clarify how you'll reach your endgame....

June 28, 2021

Blog from the Dog - WTF! I’ve paid the subcontractor gross and now I have to pay his tax as well?

Where’s The Fairness! “I’ve paid the subcontractor gross and now I have to pay his tax as well?!” is not something that contractors in the construction industry want to hear themselves saying. This week, Jonathan was musing on whether HMRC have it in for contractors in the construction sector.  With the introduction of the VAT Domestic Reverse legislation (see my previous article on ‘WTF! VAT: in Domestic reverse charge on building and construction services situations’) he is no...

June 19, 2021

Step 2 of Building a Better Business

As Mahatma Ghandi said, “Learn as if you were to live forever”. Being open to new learning is an essential part of building a better business. Where could you extend your knowledge? Set a target and get learning!...

June 14, 2021

Blog from the Dog - WTF! Overdrawn director’s loan account puts Lyra on a diet

“Where’s the food?” I asked Jonathan who had explained the unwelcome diet implications of me having overdrawn my loan account in Lyra Enterprises Ltd....

June 10, 2021

Know Your Numbers

Understanding your financial reports, or knowing your numbers, is critical to business success. It allows you to make better business decisions, measure the impact of those decisions, take corrective action where necessary and, ultimately, enjoy better results. If you grasp an understanding of your financial reports, you’ll: Know if your business is growing or shrinkingDiscover trends in your business and be able to respond accordinglyCompare your actual results to your expectationsIdentify ar...

May 17, 2021

Building a better business

As an owner-managed business ourselves, we understand at Rowdens that to be in business takes courage and commitment. It’s not easy. We're certain that at times you might question why you’re even doing it, particularly after the impact of Covid-19 and the effect that lockdowns have had on business.But you’re here because you had a vision. You decided being in business was a better way to achieve that vision than working for someone else. And, you’re right; you just have to work on it....

May 10, 2021

Step 1 of Building a Better Business

“The first secret of getting what you want is knowing what you want.” - Arthur D. Hlavaty. You can’t build a better business without defining exactly what you want. Your business is there to serve you, not the other way around! ...

May 8, 2021

Welcoming your people back to the workplace

As Covid restrictions continue to ease here in the UK, it’s time to start thinking about the return to the workplace and how you'll welcome your home-working and furloughed staff back into the office....

April 27, 2021

Blog from the Dog - WTF: Different tax advice on the timing of pension contributions in 2023

“Well, There’s Fundamental different tax advice on the timing of pension contributions coming up in a couple of years’ time Lyra!” said Jonathan while we were out for a walk at the weekend. I thought, “Well, That’s Funny, here we are out for a lovely walk and Jonathan appears to be more exercised by thinking about the Budget announcements! Heigh Ho, better run with it, I suppose if it makes him happy! I think Lockdown has finally got to him!"...

April 21, 2021

Getting back to business

It goes without saying that change has been a theme of late. In the last year, much of the change we’ve experienced has been out of our control. However, if we focus on what we can influence, such as our response to change, we can regain some control and plan to maximise outcomes. If you're a business owner, discover the 5 things that are within your control that will have the most significant effect upon your business....

April 20, 2021

IR35 and what contractors need to know

6 April saw new changes to the off-payroll working rules. These changes - often known as the IR35 rules - are likely to have a significant impact for any contractors, and if you personally, only work for one client, this could affect you.  Are you contracted to a medium or large private sector company? If yes, your client now determines your IR35 status. Although the company is required to take reasonable care when making this assessment, you might find yourself in an unfavourable posi...

April 12, 2021

Blog from the Dog - March 2021 Budget. WTF%: Increase in Corporation tax rates!

“Well, That’s a Forty % increase in the corporation tax rates between £50,000 and £250,000!” I heard Jonathan mutter as he listened to the budget (well to be truthful it was a lot louder than that, but I need to be a little respectful, as I thought It was only a 6% increase from 19% to 25%). I may only be a Labrador, but even I can work out that 6 of something is a lot smaller than 40 of something (especially if it’s biscuits)....

April 8, 2021

Surviving the recovery - you didn’t get this far to fail now

At some stage, in the not too distant future, business will return to some semblance of normality. It is important that you: Plan for this recoveryAre ready to take advantage of the opportunities that will be there for youAre able to trade through the period of recovery...

April 22, 2020

Changes to business solutions as a result of the COVID-19 Pandemic by Jonathan Rowden

In our recent webinar on continuity planning, Penny suggested we look up for a solution to the current crisis rather than continually looking down on the problem. This got me thinking about the solutions businesses will have come up with as a result of the Coronavirus crisis; those that will stay around once things have returned to a more normal level of operating. Clearly, there will always be business casualties as a result of an economic shock to the system. However, having lived and operated...

April 20, 2020

Changes relating to Wrongful Trading and the Insolvency Laws

In the latest announcements, the Government has announced that “Wrongful Trading” provisions have been suspended from 1 March 2020 and that it will also introduce a new restructuring plan and debt moratorium....

March 30, 2020

Cashflow projections & Coronavirus Job Retention Scheme

And a possible fly (or two) in the ointment. The 2 action points for this update: ...

March 23, 2020

Coronavirus Job Retention Scheme “CJRS”

As “Version 1” is always better than Version “None” we think it is better to get something out to our clients contacts and then update as matters develop.   Please understand that this is both uncharted and challenging times for all of us - our grammar may not be perfect and the style may look a little “rough around the edges”; for which we hope to have your understanding!...

March 22, 2020

Let's beat the virus - by working together Pt 2

A further update on various matters Coronavirus-related from Jonathan Rowden written prior to the Chancellor's expected further announcements this evening (20 March)....

March 20, 2020

Let's beat the virus - by working together

A further update on various matters Coronavirus-related...

March 19, 2020 Posts 1-25 of 37 | Page next