Monthly Archives: September 2013

New Tax Relief Arrangement of Small Cash Donations to a Charity

In previous years, charities were unable to claim a tax refund on small cash donations.  New rules will see this change.

The HMRC have announced that charities can now reclaim the basic rate tax of 20% deducted from a cash donation of no more than £20.  This type of donation, usually from street collections etc, will now be considered a gift.

These new rules will allow charities to claim back up to £1,250 of the £5,000 per year limit on small donations.

Those who pay tax above the basic rate will not be subject to a higher rate tax relief on these small cash donations.  The original Gift Aid scheme provides this kind of relief if that is what you are looking for.

Growth Accelerator

Is your business ready for the next big growth phase?  Uncertain economic times have led to many businesses battening down the hatches rather than reaching for the stars.

The Growth Accelerator program has been designed to identify the barriers holding your business back and launch you on the next step to achieving rapid and sustainable growth.

Specifically targeting small to mid-size businesses this government and private sector partnership is aimed at providing entrepreneurs the opportunity to take their business forward.  Through coaching, masterclasses and workshops Growth Accelerator will supply the skills and motivation key to unlocking your capacity for growth.

To qualify for the support of the Growth Accelerator program your business must be registered in England, employ no more than 250 staff and have an annual turnover of less than £40M.  Growth Accelerator is not suitable for every eligible business.  Particular targets are high growth businesses with the ambition and potential to enter their next growth phase.  If you believe your business meets these requirements and you have the dedication to fully commit to the program then the rapid expansion of your business is achievable.

GrowthAccelerator will work alongside you to develop a bespoke growth plan tailored to your business priorities which will typically focus on one of three areas; Access to Finance, Business Development or Growth through Innovation.  Once your plan is established a Growth Coach, matched to your company, will be assigned to assist the reinvention of your business.

Growth Accelerator is led by the country’s most successful growth specialists.  Over a hundred Growth Managers with commercial business backgrounds many of whom have run their own businesses.  1,000 Growth Coaches with extensive experience in the development of businesses.

This partnership creates the perfect forum for fresh ideas, connections and opportunities.  Discover new routes to establishing funding and investment.  Inspire and focus your leadership team and build on the power of your people.  Unlock your capacity for innovation and together you can construct a successful growth strategy.

97% of the businesses using the service say they would happily recommend Growth Accelerator.  And first year statistics showed that as a result of working with the program 3,400 businesses are increasing turnover whilst 3,100 are increasing employment.  Despite the projects infancy these are incredibly positive figures which dash suggestions that growth is unattainable in the current economic climate.

Growth Accelerator is aimed at encouraging more people to start or expand their business unlocking the vast potential for growth in this country.  The advice, support and encouragement are available to anyone who seeks it.  Add to this a healthy dollop of ‘can do’ spirit and the sky is the limit.  So what are you waiting for?