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Unsecured business loans in the UK
Businesses in the UK thrive thanks to their access to borrowing – funds raised in this way are applied for a whole host of purposes, from the acquisition of essential assets to the need for immediate working capital to ensure the cashflow necessary to continue...
Changes afoot for your VAT liabilities
If you run a professional practice with a turnover of more than £85,000, you must be registered for VAT and make returns, together with the appropriate payments of the tax to HM Revenue & Customs (HMRC) every three months. But sweeping changes are afoot, which may...
The flat rate VAT and solicitors
The UK joined the European Economic Community – forerunner of the EU – on the 1st of January 1973. One of the results of that decision was to replace Purchase Tax with a European invention, Value Added Tax (VAT). In the UK, the initial standard rate of VAT was 10% but...
Barrister Loans
As the website Law Careers puts it, becoming a barrister is a high-risk and very expensive project. On top of the already high costs of studying and paying for a university degree, there are also the costs of obtaining a Graduate Diploma in Law (GDL) – with current...
Does your law firm need a loan?
Why do lawyers need loans? The reasons are many and varied, so it may be worth reviewing how solicitors typically fund the legal services they offer. Funding In many respects – whether your firm is structured as a partnership or a limited liability company and whether...
Business Tax Funding Practice Loans
In this world nothing can be said to be certain, except death and taxes – so said Benjamin Franklin as long ago as 1789. As anyone responsible for running a busy professional practice might also add, the very same thing may still be said today. As any professional...
Loans for Accountants
As an accountant, you are almost certain to recognise the importance of sound planning for the future and for making the best possible use of the working capital available to your partners and the firm. It is also within your professional remit to understand the...
Tax Funding Loans for Solicitors
A solicitor in the UK earned a national average salary of £35,393, as of May 2017, according to pay research specialists Pay Scale. Nevertheless, there are considerable regional variations and salaries increase considerable for solicitors with many years of experience...
VAT Loans for Doctors
As if running a surgery for general practitioners was not already a big challenge, your position with respect to liability for VAT is likely to complicate things still further. Paradoxically, perhaps, it is because the core services provided by GPs – that is to say,...
Does your practice need an unsecured fixed rate loan?
Running a financially sound and successful practice – whether you are a doctor, a lawyer, architect, accountant, or any other professional – is challenging. That challenge may be made all the more acute for some professionals as Britain moves towards its new...
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