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Business are still struggling to raise finance for property or property development

We are finding that despite a general increase in business finance activity, many clients are still finding it difficult to raise finance when it comes to commercial property.

Purchasing new property or investing in property development can often be an essential element in a business’s plan to grow, yet when it comes to raising the finance for this, it can be a difficult and not always successful process.

Should retirees defer their state pension?

A recent survey by LV= found that 65% of over 50s still in full-time employment intend to continue to do some form of paid work during their retirement. This is a growing trend, as the Office of National Statistics revealed in 2013 that the number of over 65s in work exceeded one million.

Putting your foot on the mortgage ladder

The criteria for arranging a mortgage is now somewhat more complicated than it used to be a number of years ago. Whether you’re taking the first step onto the property ladder, re-mortgaging, moving house or capital raising, mortgage lenders now want to be certain that you can afford the repayments.

In the ever changing world of Manufacturing, who is the sounding board for your business?

“There are many things we do not know we don’t know”

This is a well known quote from Confucius that was recorded by Henry David Thoreau in Walden; how appropriate this quote is when it is viewed in the context of manufacturing in the UK.

Many UK manufacturers can trace their history back over a number of generations, as the business has been passed from generation to generation, with each making their mark on the business and in due course handing it over to the next one.

North West's leading wine wholesaler is now a national player

Armstrong Watson’s latest corporate finance transaction sees the largest independent wine business in the North West, EWGA, almost double its size following the acquisition of Heritage Wine Company Ltd, Wickwar, Gloucestershire. The acquisition means that the Carnforth business will now have the capabilities to operate on a national scale.

Freedom and choice in pensions – Maximise your pension

We have previously explored the future of pension savings, but have primarily focussed on the options available when drawing pension benefits, so let’s now look at saving for retirement and how to maximise the payments you make into pensions.

Following the introduction of workplace pensions and auto enrolment there are different ways of saving now. Auto enrolment is a new law which the government introduced to help people save for retirement and it means that employers will automatically enrol their employees into a pension scheme to which they will also contribute.

I don't have time for this!

It has been suggested that time was first measured over 6,000 years ago by viewing the moon, and the importance of time has featured in our lives ever since. It has significant importance, having economic value “time is money” as well as personal value, due to the awareness of the lack of time we all seem to have “where has today gone”.

A NISA way to save?

1 July 2014 saw the ISA reformed, into a new and simple product imaginatively called…The New ISA or NISA.

Before this date there were limits on the amount that you could save within the cash and stocks and shares elements, but the NISA has a new overall limit of £15,000 per tax year and allows you the option of saving this as cash, stocks and shares or any combination of the two.

Business owners considering selling may need to bring their sale forward

As the general election approaches, there are increasing concerns that Entrepreneurs’ Relief could be vulnerable to change or even abolition.

Entrepreneurs’ Relief was introduced under the Finance Act 2008 with the aim of promoting entrepreneurship and innovation that fuel the economy. It allows those disposing of qualifying business assets to pay a reduced capital gains tax rate of 10% on a lifetime limit of £10m rather than the normal rate of 18% or 28%.

Businesses could be missing out on unclaimed tax reliefs

Accountants and business advisers Armstrong Watson has reason to believe many local businesses are missing out on unclaimed tax reliefs. As owner-managers focus on strengthening their businesses for the future, tax is becoming an increasingly central activity, and can seriously improve the financial health of a business if carried out effectively.

Due to the complex nature of corporation tax, recent feedback suggests that many business owners are unaware of the range of reliefs available, or are unsure if the work they carry out could be eligible for tax relief.