In common with many people, our client was notified in January 2018 that he no longer needed to file a tax return. As he receives income from multiple sources, i.e. a salary, various pensions and savings income, he wasn’t convinced that he had paid the right amount of tax for the year ended 5 April…
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Research and development (R&D) tax credits are a valuable government tax relief that rewards UK companies for investing in innovation. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for a cash payment and/or Corporation Tax reduction. R&D tax credit rates are the equivalent of up to 33p…
With the festive period looming, completing self-assessment tax returns are the least of most people’s worries, however, if you are employed or receiving a pension and have tax deducted at source by your employer there is a benefit to filing your return before Christmas! If your return is filed before 30 December 2018 you can…
A number of measures contained in October’s budget were designed to increase investment made by UK businesses and aimed at raising the UK’s international competitiveness. Farmers anticipating expenditure on new commercial buildings or a large outlay on machinery, may find Chancellor Hammond’s changes both interesting and useful. Let’s look first at the Structures and…
Our March office held its start-up seminar last week. The seminar covered key areas for start-up businesses, including business plans, business structure, accounting software and employee considerations. A big thank you goes to Emilia Cybulska from NatWest for her presentation entitled “Give Your Start-up a Boost”, which not only covered financing options, but also gave…
There are now only 62 days before the tax return filing deadline of 31 January 2019. Not sure if you need to file a tax return? HMRC have released a new questionnaire that only takes a few minutes and will check whether any of your income or gains will require you to submit a return.…
Our March office will be hosting its start-up seminar on 29 November 2018 between 6pm and 8pm. The evening will aim to cover the following key areas for those starting out in business: Choice of business structure Record keeping, including digital software packages Compliance with HMRC regulations Funding options Employment issues We are delighted to…
During the Autumn Budget on 29th October 2019, it was announced that the small trading tax exemption limits for Charities is set to increase. The exemptions apply to Charities who trade outside of their primary purpose. A Charity will not pay tax on trading profits that are a part of the Charity’s primary purpose…
At Xerocon 2018, held Wednesday and Thursday last week, we heard how the number of Xero Subscribers has now reached over 1.6 Million Worldwide. Xero’s focus on becoming THE Small Business Platform is greater than ever, with recent market research confirming how users of Xero really do save time, in some cases as much…
So now that we can finally see what Brexit might mean in reality, with the publication of the Draft Brexit Agreement, everyone is still unhappy. After much talk about what we wanted, which was leaving the EU club, whilst cherry-picking retention of access to the Single Market and a borderless border in Ireland, it has…
