Entries by Michael Barker

Why it pays to file early

The number of people who file their self-assessment tax form early has doubled in five years. More than 77,500 submitted their tax return for the 2022 to 2023 tax year on April 62023, compared to almost 37,000 in 2018, according to new figures from HMRC. The deadline to file returns for the 2022- 2023 tax […]

Finding the right exit: Future Planning

In the final part of our series looking at exiting a family business we look at the importance of future planning Future planning is vitally important to the wellbeing of any business and as such it is imperative that the planning process continues after any exit and takeover. Apart from the obvious reasons of planning […]

Finding the right exit: Seeking good advice

In the latest in our series looking at exiting a business we look at the importance of getting the right professional advice when it comes to issues like tax Most people who have been in business for a number of years should have learned that their accountant is not just there to add up the […]

Finding the right exit: Making a smooth transition

In the second part of our series looking at exiting a family business we look at how to make a smooth transition and why that is so important The key to a successful business exit often lies in the smoothness of the transition. Early planning and good communication are both vital. A first and most […]

Finding the right exit: Why families have to talk

In the first of our series looking at exiting a business we examine the family complications that might arise and how best to avoid them You’ve spent time and energy building up your business but what happens when it’s time to take your leave. How do you clear a clear path towards the exit and […]

Is your data protection up to scratch?

The Information Commissioner’s Office (ICO) is urging the North West’s 512,000 SMEs to check they have the right data protection practices in place to help sustain and develop their businesses. In a statement ahead of the annual Data Protection Day in January, the ICO stressed that good data protection practices “project positively” on a company’s […]