chancellor

It’s Time For Your Corporation Tax Inoculation

If you’re not a limited company, please disregard this message, and I hope you’re having a lovely day. If you are a limited company, and especially if your year end is 31st December, there’s time to plan now to avoid Corporation tax. If you’ve been making profits (remember to add back depreciation), then you’re likely to incur a tax bill. That is, if you haven’t planned ahead.

Read more...
Flooring Machine Delivery

Deliveries, collections and why don’t we have more branches. 

Wow what a busy June, but then June’s supposed to be. But it was fraught with machines down awaiting weeks on end for parts, so quite a challenging month. Floor grinders were the flavour of the month, for several days we were almost ‘grinderless’. From large 3-phase, even to our ever-popular HTC450 Floor grinder which is the most popular 110-v floor grinder on the market.About 8 years ago, a management decision, stick with the one branch in Warrington, Cheshire. Being...

Read more...

Hire or Buy?

Hire or Buy? Do I Hire or Buy? Quick Decision Needed. The Super Tax Deduction Expires End of Next Month. Multi-Hire not only hire top branded flooring equipment and surface preparation machines, but they’re also approved distributors of a number of quality machine manufacturers. So, should you hire or buy? Hire, you pay only for what you use, there’s no maintenance or storage, MH can deliver next day all over the country and all hire charges are fully tax deductible. Should there be a...

Read more...
Buy Floor Machines

Invest in New Machines Now and Save Tax

If yours is a profitable limited company, there is a good chance you will end up paying corporation tax. Something to look into, and maybe avoid a big tax bill is Rishi Sunak’s Super Tax Deduction scheme. Basically, if you buy equipment, you’ll be eligible to claim corporation tax relief that will come to about £2,470 for every £10,000 you spend - not to be sniffed at! If you could get your hands on new flooring machines and surface preparation equipment,...

Read more...
bad debt

Don’t Let Your Business Fall Victim to Bad Debts

You can be sure your customer has invoiced and been paid by the main contractor but will he pay you? Bad debt incidents like this can hinder or even derail your business’s progress. You must defend your business and in situations as described above, often the best form of defence is attack! In normal times a vigorous credit control regime with statements, emails, phone calls and text messages will put you at the front of the queue of your customer’s...

Read more...