As part of Menzies commitment to sharing #BrighterThinking our teams of accounting and business advisors have been providing their opinions on some of the leading hot topics raised within some of the UK’s leading national, regional and specialist press titles.
Here follows a summary of Menzies in the media for July 2019.
Tim Humphries – Tax Advisor of the month
Tax Guide // What Investment – 1st July 2019
In this biographical piece celebrating the award of ‘Tax Advisor of the Month’, Menzies Business Tax Director Tim Humphries answers questions on how he got in to the tax profession, his favourite tax and the challenges facing SME business owners.
“While I advise both businesses and individuals, my ideal clients are international business people who are aiming to establish a company in the UK. Advising such clients involves providing guidance on a range of areas, from domicile and residency issues, to how to structure a business in a tax-efficient way and any other challenges an individual might face in establishing a UK company.”
Is your profit data misleading you?
Generate Entrepreneur – 4th July 2019
Menzies Advisory Partner Tim Dunn explains how SME business owners can harness the power of their profit data to make better decision in their business highlighting the particular value of understanding returns by product or service and financial performance.
“Most owner managers think they have a reasonable handle on the overall financial performance of their business, but how accurate is their profit data and could it be misleading them? To improve their chances of success, they need access to accurate and meaningful data. But where should they start?”
Read Tim’s guide via Generate Entrepreneur.
SME owners are concerned about corporate competition
TotalBusiness – 15th July 2019
Repsonding to Menzies 2019 SME Benchmarking Report, TotalBusiness reports on our findings around the impact of large corporates and multinational businesses are having on the UK SME business network.
“Small and medium-sized businesses have been suffering in the current climate of uncertainty and many believe large corporates and multinationals have been better able to prepare for Brexit and invest in technologies to give them a competitive advantage.
Whilst they realise that being smaller and more agile is a bonus, SMEs are concerned that corporates will be more cash-ready to take advantage of any upturn that might come once the Brexit stalemate is resolved one way or the other.”
Read more of TotalBusiness’ assessment.
VCTS – the secret weapon for businesses and investors
What Investment – 25th July 2019
Menzies Corporate Finance Director Alex Duffy explains how and why Ventrue Capital Trusts (VCTs) offer benefits for investors seeking to diversify their investment porfolio into small and growing businesses.
“Since their introduction over 20 years ago, VCTs have fuelled the success of many well-known companies in the UK, including Secret Escapes, Tails.com and Zoopla, with 75% of investment going into companies with annual sales of less than £3.6m and less than 49 employees, which are less than nine-years-old. However, despite these success stories, awareness of VCTs as a source of funding for UK SMEs remains low.”
Read more on Alex Duffy’s thoughts via What Investment.
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Menzies LLP is an accountancy firm delivering traditional accounting services combined with strategic commercial thinking. Our services include tax, audit, payroll, business recovery as well as a business and financial consultancy service proven to add value and help your business to grow.
Specialising in eight core UK and international business sectors, Menzies’ local accountancy and business advisory offices in London, Surrey, Hampshire and Cardiff, all offer our #BrighterThinking approach.