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Chartered Accountants

  • Special Purpose Vehicles (SPVs)

Small-Scale Property Development: Special Purpose Vehicles (SPVs)

‘Special Purpose Vehicles’, or SPVs, are becoming more common as a means of operating small-scale property developments.
What is a Special Purpose Vehicle
A Special Purpose Vehicle (SPV) is a legal business structure which has been created for a specific, usually limited, purpose and which has specific, usually limited, powers. It can be thought of as a business that has been tailor-made […]

Small-Scale Property Development: Another source of funding?

Several local business owners have asked us about two comparatively new developments associated with small-scale property developments. We would like to share some information on these topics with you. We start with crowd funding.
Another source of funding?
Crowd funding can raise debt (loan) or equity (share) capital.

The majority of conversations we have had with local developers have been focussed on crowd […]

Small businesses need to prepare for increased VAT bills as of 1st April

The VAT Flat Rate Scheme is welcomed by many small business owners because it simplifies the record keeping and calculation requirements associated with their quarterly VAT bill.

Although the VAT Flat Rate Scheme will continue, as of 1st April, HMRC is introducing a new system which will increase the amount of VAT payable by many businesses using that scheme.

HMRC defines a […]