The New Anglia talks on the themes of finance.
If are looking for money to stay open, or money to invest in a new venture – this can be incredibly daunting.
Watch this video to find out how and where to start and to navigate this path with
Richard Glynn, New Anglia Growth Hub & Program Manager Jason Middleton
Andrew Playle, John Grundy, Deborah Clark and Elizabeth Field discuss current legislation, Inheritance Tax Planning and Capital Gains Tax Planning.
Two very credible recent reports have suggested significant changes to the rules for Inheritance Tax. In the first webinar below, recorded on 1 October 2020, our Private Client team:
You can view the latest Mills & Reeve legal webinars here
PIPSI is an acronym used when planning your finances to determine your priorities:
Protection
Income Protection
Pensions
Savings
Investments.
In this session, Ralph and Emma will walk you through the process of using PIPSI to take stock of your current financial position and plan a way forward to achieve your short, medium and long-term financial goals.
You can contact the Face to Face Finance team here
So many businesses have critical services underpinned by a contract with 3rd parties, but how well are these relationships managed until things go wrong, or contract renewal is approaching?
Pro-active management of your companies supply chain is so valuable in ensuring you receive the services you pay for, to the agreed timescales as well as to pro-actively prepare for contract renewals to put you, the customer, in the driving seat of the negotiations.
Full virtual events calendar: www.norfolkchamber.co.uk/events
We think you may also find this interesting: SME Survey – Optimise your investment in digital
When we explored the longer-term investment and economic environment. While markets have generally recovered, this is in large part down to the extraordinary measures taken by governments and central banks across the world. With an in depth analysis of the economic implications of money supply and government borrowing. We were joined by two experts from the UEA, Dr James Watson, Associate Professor in Financial Economics and Dr Mike Brock, Associate Professor in Behavioural Economics, who gave us opinions on the impact on investment markets and the long-term underlying drivers of change, in particular climate change.
This event was recorded March 24th as part of Chadwicks Masterclass & Buisness Insight series.
To view all upcoming Masterclasses please click here
For this session we have Mike Day from Xero discussing the changing role of the accountant and the impact of technology.
For more information on our courses please go to:
https://www.firstintuition.co.uk
First Intuition began in 2007 with a single thought – to put the learner at the centre of everything. Since then we have won awards, opened a national network of study centres and now deliver to over 7,000 students per year
We offer courses for the following Qualifications:
AAT
ACCA
CIMA
ICAEW
CMI
We believe that every learner is different, and one-size doesn’t always fit all. We are happy to spend time with our learners to build a programme that fits in with their busy lifestyles.
With 15 study centres across the UK and online study options we can create a blend of programmes to fit in with the most demanding of lives.
Recorded on 29 April 2021, Shailee Howard and Jenny Beresford-Jones from Mills & Reeve give a useful webinar outlining the Social Value Model before digging down into some of the real world issues we see clients facing when incorporating social value into their procurements.
Visit our Procurement Portal for further useful information: https://www.procurementportal.com/
Life can be seen as punctuated by a series of Next Acts – we go to school, we go to university, we get a job, we settle down… Some of these acts almost write themselves, others are the result of months, sometimes years, of deliberation. This is especially true of our Next Act at retirement.
This session will look at the financial aspects of retirement but also consider the wider implications of moving to a life after work.
First job? Starting a new job and ensure what’s expected of you? In this video Director and Tutor, Ben Bullman will be talking through the importance of understanding your paycheck!
For more information on our courses please go to:
First Intuition began in 2007 with a single thought – to put the learner at the centre of everything. Since then we have won awards, opened a national network of study centres and now deliver to over 7,000 students per year.
We offer courses for the following Qualifications:
AAT
ACCA
CIMA
ICAEW
CMI
We believe that every learner is different, and one-size doesn’t always fit all. We are happy to spend time with our learners to build a programme that fits in with their busy lifestyles.
With 15 study centres across the UK and online study options we can create a blend of programmes to fit in with the most demanding of lives.
Property opportunities in Norfolk & Suffolk. John Howard, Property Developer and Investor
One of the main questions we have from clients when they run limited companies is around directors’ loan accounts. How they work and what they are.
To understand directors’ loan accounts, the key thing to remember is a company is its own separate legal entity and any profits generated by the company belong to the company (not the director). Every transaction between a director and the company is between two separate “persons”. This is completely different to a business run as a sole trader.
When money is taken out of a limited company, therefore, it has to be accounted for within the accounts according to what it is. For example:
Each type of payment has its own tax consequences.
How a directors’ loan account works
The directors’ loan account keeps a tally of the money a director has lent the company, less monies he/she has taken out (which have not been accounted for elsewhere as salary, dividend, rent etc). This running total starts from the first transaction the director has with the company. If, for example, a dividend or a salary is declared correctly, but not taken out in full by the director, this is also shown as monies lent to the company and added to the directors’ loan account.
If the directors’ loan account goes overdrawn (ie more money is taken out of the company by the director then owed to him/her), this can have tax consequences for the director and the company. Tax advice should be sought asap by the company to minimise the effect of this by careful tax planning.
Therefore, regular conversations with an accountant are vital to ensure there is a plan on how money is taken out of the company by the directors. Key considerations include, making sure it is structured tax efficiently and takes into account the dynamics and wishes of the director group.
If you have any queries and would like to discuss further, do contact your normal M+A Partners contact or Mary-Anne Sargeant on 07917 530018 or email [email protected].
