MHA Broomfield Alexander Manager, Katherine Broadhurst, gives her thoughts on the year ahead in our latest Q&A? (more…)
The Welsh Government this week published a new Economic Action Plan for consultation which sets out how financial support is going to be delivered to businesses in Wales over the next 10 years.
One of the key changes set out in the plan is that in return for financial support there will be an expectation that businesses will enter into an economic contract with Welsh Government to assist with delivering the wider objectives of the economic strategy in Wales. (more…)
Your firm’s COFA is partly responsible for the efficient running of the financial management of the practice, due to their necessary close interaction with the SRA AR. However sole responsibility should not lie with that one individual. All members of your management team should play an active role.
Good financial management processes should include monitoring and reporting procedures. Reviewing consistently updated management information is a way of complying with this requirement, but it may also help to improve business performance. (more…)
Speculation was rife in the lead up to the Budget last week – in the face of waning growth and declining productivity, and against an overriding econo-political narrative that our public services are struggling and living standards falling – that Chancellor Philip Hammond would be forced to introduce sweeping changes affecting entrepreneurs and SMEs. Commentators foretold an overhaul of Entrepreneur’s Relief and the rules impacting private and institutional investors in SMEs (via the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs); owing to the tax advantages these schemes confer. (more…)
Here are 4 important stages in an acquisition that need attention. (more…)
With the management buyout (MBO) re-emerging as a popular succession route, we have also seen variations of this, including Vendor funded and Deferred MBOs. The former requires no external funding but where the owner is happy to exit immediately. The latter structure is used when the owner wishes to exit in stages whilst maintaining a degree of control over the process. In the Deferred MBO, the initial stage should set out the mechanisms for the complete exit at a future point in time. (more…)
We’ve welcomed the news of Cardiff Airport landing one of the world’s fastest growing airlines, Qatar Airways. (more…)
It has been announced that more than £24 million will be available for the development and marketing of tourism through the Welsh Government Rural Communities – Rural Development Programme 2014-2020, which is funded by the European Agricultural Fund for Rural Development and Welsh Government. (more…)
Two EU backed property development funds set to create £40m infrastructure boost for West Wales and the Valleys
Two new property development funds launched with £14m of EU funds are projected to result in an overall investment of £40m in new and refurbished high quality commercial premises to support business growth and job creation in the North, West Wales and the South Wales Valleys. (more…)
A targeted round of the Enterprise Zone Business Rates Scheme is now available to businesses within the eight Welsh Enterprise Zones which could deliver significant reductions to their annual business rates payments for 2016-17.
The scheme focuses on small and medium sized enterprises that are demonstrating business growth, new starts or businesses that are increasing the size of their full time workforce. (more…)