Business Chiefs | It’s a sin not to have a dream!

After hearing about the world’s first floating city, where homes have just started going on sale, we got to thinking about dreams and visions. It is a clear and desired VISION that drives people to start their own businesses but very easily those original visions can be forgotten if you get too bogged down with the day to day running. In addition not many business owners have been able to take time out in the last twelve months to re-energise,

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Entrepreneur’s Relief: All you need to know about selling your business at the 10% tax rate

We are sure you have heard of Entrepreneurs’ Relief as it can unlock a super low 10 per cent tax rate on sale proceeds when you sell your trading business or shares in your trading company, let’s know more?! It’s an extremely valuable tax relief and so you want to ensure that you are aware of the criteria and that you are working with your accountants to ensure it is “locked in”! So straight into the geeky facts and figures

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If you missed our 12 Tax Tips of Christmas…. here they all are again!

In case you missed our 12 Tax Tips of Christmas, here they all are again! 12 tips of Christmas Tis’ always tax saving season! 

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Growth: Free advertising for Small Businesses

We know advertising can be costly! and Tribe is all about sourcing savings, so we’ve found you a free advertising opportunity! Small Business Saturday tomorrow (5th December) Small Business Saturday is offering an amazing opportunity of free advertising and social media shout outs on their Facebook, Instagram and twitter platforms. Why do we think you should get involved? because their 2019 event saw over 800m spent in the UK and 17.6m people chose to shop small on the day! Small

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Stacking up the 2020 Spending Review and Brexit

This week’s Autumn Spending Review (a bit like an informal budget) was widely speculated upon with rumours of large tax hikes and opposing pleas to the Chancellor to delay major tax rises to assist with the UK’s recovery after the effects of the 2020 pandemic… and so not surprisingly in a subdued review he did not mention them at all. Here are the key points from Rishi Sunak’s Spending Review: The government will spend £280bn this year “to get our

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Let’s talk about VAT baby!

Let’s talk about V…A….T! Why? Because VAT has to be one of the most most overlooked taxes by accountants and business owners alike. Which is why we pay it some close attention, give it some love. Many are not aware of how many different VAT schemes and variations by industry there actually are. Yes we all know the general rule that it’s 20 per cent as standard rate however a business may have the option to; or due to its

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Welcome to the Tribe!

Today being international men’s day seems the perfect day to announce our newest member to the Tribe Alex Harding Alex joined us at the beginning of the month as our new trainee accountant and he’s settled into the Tribe so nicely! Alex was asked at the end of his first week what his highlight of the week was and this was his response… – ”The main highlight from my first week was finally being able to begin working after the extended

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Cash is king, has always been a thing!

Many businesses this year have surplus cash in their trading companies. Once you have set funds aside for: Working capital (on average 3 to 6 months of business overheads) Future tax liabilities By using a simple cashflow tool you’ll know what is surplus (see our free download for business owners here) then what next? The big responsibility then for the business owner is to plan what to do with it and to evaluate whether it is at any risk. Reinvest

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Leading the way as Chief of your business today

Does it feel like a mountain of decisions, challenges, more decisions, more challenges… In a world before COVID-19, we ran our businesses with what felt like clear vision and the game plan. Now each week and day even a new issue, opportunity, threat or challenge arises for you the business owner to have to address and respond to. Do we apply for a CBILS or a BBL? Do we put staff on furlough, bring them back from furlough, or do

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HOW TO: Review or choose your new accountant!

“We believe in giving the best non-jargon accounts and tax advice and being transparent and clear on fees.” An accountant can sort out your tax return or your annual accounts and provide advice on a range of issues. But how do you ensure you get the best return on the fees you pay to them?   Here are fourteen handy pointers to get you thinking! Work out which accountant offers you best value for money (and that’s not necessarily the

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