Category Archives: News Archive

IR35 – A major win for HMRC

News Archive

https://economia.icaew.com/news/september-2019/hmrc-wins-ir35-case-against-bbc-presenters

The continuing attack on personal service companies, (PSC’s), and BBC personnel by HMRC came to a head when they won a long standing case against three BBC presenters. Those in the private sector need to be aware and take note given the extension of the public sector IR35 legislation to the private sector in April 2020.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk

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XTEND executive network 2019 event

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XTEND executive network

MW Interim Finance attends the XTEND executive network 2019 Summer BBQ event with the main topic of discussion, the extension of the IR35 public sector HMRC clamp down on contractors and consultants to the private sector in April 2020. Initially this only impacts medium and large businesses who employ interims but who knows if and when this may be extended to smaller enterprises. A hot topic for the coming months, for some with more impact than Brexit…..

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Delivering Success

News Archive

Delivering Success – MW Interim Finance has for over ten years provided a variety of clients with a mix of operational and strategic successes, including; implementation of financial systems, interfaces with operational systems, restructuring activities – operational and corporate, due diligence on potential acquisitions and facilitator in business sales.

A senior commercially focused finance and business professional, spanning a corporate and interim career of over thirty five years in the private sector. MW Interim Finance‘s key measure of success is the ability to provide for clients an experienced objective, results driven and timely implementation of both strategic and operational projects.

MW Interim Finance provides an objective review to owner managers and directors of their value base and assists in delivering improvements.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk



Enhancing Value

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Enhancing Value – As a business grows so does its value as viewed by; the owners, shareholders, employees, customers, suppliers, external funders and banks. Understanding the value of a company is critical and thus how to enhance and grow this over time, usually to a point where an exit strategy is contemplated. The value drivers of a business are many and varied and will include; quality of product or service, customer/supplier/employee satisfaction, ownership of commercial property and other assets, self-funding, high levels of recurring revenue, growing margins and profits.

MW Interim Finance provides an objective review to owner managers and directors of their value base and assists in delivering improvements.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk

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Driving Growth

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Driving Growth – A business will have a strategic growth objective and the owners will usually concentrate on maximising sales revenue, however there are other aspects to growing a business that need consideration, including making a profit, controlling costs, maximising cash inflow and increasing the net assets of the company. Getting the mix of factors right whilst expanding sales to new customers and markets often via an omni-channel basis or even by acquisition is a constant balancing act.

MW Interim Finance assists owner managers and directors in an objective review of their growth strategy and provides the resource to deliver on the changes identified.

For further information or a confidential discussion about your driving growth specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk

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Transforming Business

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Transforming Business – Many businesses are clear in their vision and strategy

Transforming Business – Many businesses are clear in their vision and strategy however over time internal and external factors may require fundamental changes within a business. This could include expansion, change of product or service, acquisition, divesting non-core activities, funding review or possibly sale. The decisions on implementing major transformation activities are strategic but will involve the whole business, and the planning, timing and resource to manage the changes must be thought through carefully.

MW Interim Finance assists owner managers and directors in an objective review of their transformation strategy and provides the resource to deliver on the changes identified.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk

Operational Improvement – best practice efficiency improvements in your business

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Operational Improvement – best practice efficiency improvements in your business

Operational Improvement – A company starts out by setting up operational systems to support the initial growth of the business. Over time, and as the business matures, it is critical that systems, processes and procedures are enhanced to cater for the larger company. These must be well documented allowing new employees to seamlessly transition into a best practice environment. The implementation of well-defined operational systems will drive up margin, profit and cash flow.

MW Interim Finance provides an objective review to owner managers and directors of their operational systems and thus additional resource to deliver improvements.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email martin.walby@mwinterimfinance.co.uk

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Strategic Evaluation in your business – is this your New Years resolution

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Business strategic evaluation

When a company commences there should be a clear vision about what the business strategy should be and how this will be achieved. In addition there should be a time horizon on growing the business with specific objectives in mind, including eventually the option to exit, whether by sale or ceasing. A business should re-evaluate its strategy every few years or more frequently to assess if the vision remains valid, or needs to be adapted to changing internal or external factors.

MW Interim Finance assists owner managers and directors in an objective review of their strategy and provides the resource to deliver on the changes identified.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on 07876 566875 or email

martin.walby@mwinterimfinance.co.uk

strategic evaluation - mw interim finance

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Buy-to-Let – the tax change conundrum

News Archive

There has been a rush of property transactions in recent weeks as those in the buy-to-let market try to minimise the impact of the upcoming tax changes from April 2016 and beyond. The main changes surround;- the restriction of interest tax relief on buy-to-let mortgages from the current marginal rates from 2017 to 20% by 2020, the annual wear and tear allowance of 10% scrapped and replaced with relief based on actual invoiced repairs, additional stamp duty of 3% on property purchases, (all second homes and buy-to-let properties), and the plan to apply Capital Gains Tax, (CGT), to investments within 30 days of sale. The latter is under consultation but could be implemented by 2019 and potentially would be a cash flow pressure on sellers if they were unable to mitigate gains with CGT losses.

The above, coupled with potential rises in interest rates could have a dramatic impact on those buy-to-let investors who rely on the rental income to cover the cost of loans and repairs. What were considered good profit margins on second home rentals may transform them into loss making, with a consequence that selling could become an option. Significant selling of properties in this market could have a negative impact on house prices in general, which may be seen as no bad thing for those wanting to buy either their first home or move up the property ladder.

With the Chancellors budget due in mid-March, where ratification of the April tax changes or further tinkering of tax may impact the buy-to-let market, planning for this year and the next few years should be uppermost in the minds of those with one or more properties.

Planning for your business is equally important as personal planning and sometimes the two are part of an integrated strategy.

MW Interim Finance delivers independent interim financial and business partnering support to owner managed SME’s, either on a full-time project or part-time basis, working with directors and entrepreneurs to deliver operational and strategic objectives.

For further information or a confidential discussion about your specific requirements, please contact Martin Walby FCMA CGMA on + 44 (0) 7876 566875 or email

martin.walby@mwinterimfinance.co.uk

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2016/17 Tax Coding Notices – a shock for some but 2017/18 could be worse

News Archive

“Tax does not have to be taxing” so says HMRC, but the mantra should be, “be afraid very afraid”, when it comes to reviewing the P2 2016/17 coding notices currently being distributed. With all the new changes to tax free interest and dividends be sure to check any adjustments to your code for these. The assumption HMRC uses is based on the 2014/15 self-assessment returns and may be substantially incorrect for the coming year. Even more issues are foreseen with 2015/16 self-assessment returns, where potentially increased dividends are paid out before 5th April 2016 before the £5k allowance takes effect. This is especially relevant to business owners, directors and senior managers who may face negative tax codes in 2016/17 and 2017/18.

Are you a business owner who uses dividends as a means of extracting income from their company? The planning of dividends, salary remuneration and pensions in the period up to 5th April 2016 and the impact for the next two years, is a critical part of business planning.

If your business needs objective guidance on this aspect, requires a strategic review or has a project that requires resource to implement, contact Martin Walby at MW Interim Finance for a confidential discussion on +44 (0) 7876 566875 or email martin.walby@mwinterimfinance.co.uk

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