As a business owner or director, a big question you face is how to invest your profits. What are ideal corporate (or sole trader) investments, and how can you invest in the most tax-efficient manner? In this guide, our financial planning team at Elmfield here in Padiham, Burnley offers ideas for how…
Have you been offered shares in your employer’s business? Employee share schemes can be attractive to prospective staff. After all, they are presented as an opportunity to share in the company’s profits. Yet how do these schemes work, exactly? Are they always a good idea to sign up to?…
Financial planning has clear benefits for an individual. It helps you craft a strong retirement plan, establish financial protection for your family and maximises your take-home income through tax mitigation strategies. Yet there are also compelling reasons for business owners and directors to consider a…
Self-employed people, contractors and freelancers deserve a lot of respect. They are seeking to build wealth and a future for themselves through their business, often without the security of an employed role. Sadly, many of these people have been especially hard-hit by the pandemic in 2020-21, receiving less UK government support (e.g. due to having insufficient…
At present, the UK faces an immense period of business uncertainty in the wake of the COVID-19 nationwide lockdown. Currently, the Prime Minister has ordered that nobody should leave their home except for essential purposes (e.g. buying food). Pubs, bars, restaurants and many other businesses have shut their doors for the foreseeable future. For businesses across sectors and industries, it was difficult to…
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