Family Investment Companies (FICs) have become an increasingly popular wealth management solution for families in the UK. By setting up a FIC, you can benefit from tax efficiencies, asset protection, and the ability to pass on your wealth to future generations.
Research and Development (R&D) is a vital component for businesses looking to stay competitive and innovative. It serves a two-fold purpose for organisations. Firstly, it enables them to create something unique that has market potential. Secondly, it may give them an edge over their competitors.
Obtaining extra funding can be a lifeline for businesses and their projects. However, finding and applying for grants can be a challenging process to navigate. DSA Prospect Director, Nigel Benton discusses the government's online funding tool and how it can simplify the grant application process for businesses.
Director Nigel Benton discusses growth share schemes and how they can provide private companies in the UK with a flexible way to offer employees a share in the future success of the company.
On 15 March 2023 Chancellor Jeremy Hunt released the Spring Budget, his second fiscal statement - this time largely influenced by moving the UK economy into a stage of growth through business investments and increasing the workforce.
In April 2021, the government introduced the 'super-deduction', one of their biggest tax incentives for businesses which focussed on stimulating investment and boosting the UK economy. Fast forward two years and we're now preparing to say farewell - but there's still time to benefit from this tax relief!
We are thrilled to announce that DSA Prospect has been named a Xero Platinum Partner status! At DSA Prospect, we have always been committed to providing our clients with the best possible accounting and financial services - this achievement is a testament to that commitment!
While tracking the money coming in and out of your business may sound like an easy task, many small business owners struggle with understanding the importance of cash flow management. Cash flow is an essential part of a business's health - but how do you keep it in the positive?