Taxman: not enemy No. 1

TAX HELP

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If you have a client whose business is under threat, HMRC could provide some relief. Frank Goldberg, senior tax manager at BDO, explains how...

Many financial advisers will have clients experiencing cash flow difficulties in the current economic climate, especially those operating SME or owner managed businesses. This, coupled with the inescapable fact of having to pay taxes, can cause huge difficulties. A business, or individual, may be fundamentally viable, but it is cash flow (or rather the lack of it) that often kills. However, there is an option that far too many advisers (and accountants for that matter) are simply unaware of, one that many can and should be recommending to their clients. Understanding It is someti...

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