Two Cumbrian businesses played key advisory roles in the sale of a major family-owned portfolio of petrol stations. Saint & Co Chartered Accountants and legal firm Burnetts, both headquartered in Carlisle, worked collaboratively to guide long-term clients Hills of Corby Hill Group through a deal which resulted in the multi-million-pound sale of 12 petrol filling…
Category Archives: Business News
19
Mar
Mar
In an effort to calm markets, the bank of England have reduced interest rates further from the decrease to 0.25% recently announced. This seems to have had the desired effect and FTSE 100 has rallied and closed 1.4% higher, but what does it mean for your businesses? If you have finance held on a variable…
20
Feb
Feb
The independent loan charge review, conducted by Sir Amyas Morse, was published on 20 December, having been delayed due to the general election. The loan charge was introduced to collect tax from individuals who had benefited from schemes devised to avoid PAYE and national insurance. The date that the loan was made to the individual…
Blog, Business News, Tourism
The effect of Brexit on recruitment in the UK tourism industry, and how you can prepare
16
Jan
Jan
The tourism industry is vital to the UK economy. Tourism is a major contributor to employment across the country, working hand in hand with a number of different industries from entertainment to travel to retail. Visit Britain estimates that by 2025, the UK will have a tourism industry worth over £257 billion. That being said,…
27
Mar
Mar
Back in October of last year, we welcomed over 200 business owners to Carlisle Racecourse for our local business event, BITE 2018. We watched as these entrepreneurs rubbed shoulders, talked shop, and shared their biggest business challenges. The room buzzed with industry and excitement. So, when anyone asks if networking can help their business, we…
25
Mar
Mar
The UK is set to leave the EU on the 29th of March, 2019. We think. Maybe. You see, at the time of writing this blog post, another twist has emerged. The Prime Minister has requested a 3-month extension which, if accepted, would put the leave date back to June 30th. And what happens then…
18
Mar
Mar
If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)? These investments in certain qualifying companies allow you to set off of 30% of the amount invested against your income tax bill as well as the ability to defer Capital Gains Tax (CGT) until the shares are sold. An even…
13
Mar
Mar
With so much uncertainty around what Brexit will mean, planning for a “No Deal” scenario seems sensible right now. Businesses that buy and sell from the EU should have contingency plans in place which need to be flexible to cope with a variety of possible outcomes. If a ‘No Deal’ happens after March 2019, here…
12
Mar
Mar
Your maximum annual investment in ISAs for 2018/19 is £20,000. Your investment needs to be made before 6 April 2019. In addition, have you thought about investing for your children or grandchildren by setting up a Junior ISA? In the 2018/19 tax year, you can invest £4,260 into a Junior ISA for any child under…
07
Mar
Mar
The Good News: A New Structures and Building Allowance From 29 October 2018 HMRC has reintroduced a tax relief for the construction costs of structures and buildings called the Structures and Buildings Allowance (SBA). The relief is available on new non-residential structures and buildings or renovations/conversions of existing buildings. The relief will be at an…
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