Kirkpatrick & Hopes - Succession Planning Accountants

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Monthly Round-up: February 2013

What is your business worth?

Business owners often ask me how much their business is worth. And although the answer is ‘Whatever someone will pay for it’, there are some very good, simple methods for calculating the value.

The classic formula is:

Business value = Profits x Price earnings ratio

Find out more and work out a value for your business >>

Big changes to PAYE

PAYE was introduced to help provide funds to pay for the Second World War. Real Time Information (RTI), which applies from 6 April 2013, is the most significant change since its introduction. RTI is compulsory and incorrect returns may give rise to penalties.

Find out how it works »

£2,275 grants for employers

Government grants of up to £2,275 are available if you take on a full-time young employee.

Find out how to apply »

R&D tax relief

Research and development tax relief is a government-initiated scheme to encourage the development of innovative technology in the UK. However, many companies do not realise they have eligible projects..

See if you’re eligible »

That’s all for this month. Feel free to contact me at any time.

Andrew Gray

Managing Director

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