Research and Development claims
Claiming R&D Tax Credits for innovating new products, enhancing processes or improving services can give rise to reductions in corporation […]
Tax
IHT – Inheritance Tax
Nearly £6bn of Inheritance Tax (IHT) was collected in the 2021/22 tax year according to the latest Government figures –
Paying your tax…
What happens if you don’t pay your taxes when they become due? It is crucial to contact HMRC as soon
Directors Loans
All too often, directors treat the company bank account as if it were their own personal funds, and just help
The 2024 Election
Now the dust has settled on the election and the new Chancellor, Rachel Reeves, starts to find her feet –
Are you monitoring your turnover on a regular basis for the purposes of VAT?
For those smaller businesses, the business must register for VAT where the turnover, on a rolling 12-month basis, exceeds £90,000.
Beware the lower tax exemption for Capital Gains
Capital Gains Tax is a tax on the profit made when you sell certain assets that have increased in value.
Do you need to register for self–assessment?
HMRC provide an online tool to enable you to check if you need to send a SA return. If you
File your tax return early…
With the July 2024 payment on account approaching, it may be possible to reduce the amount of this payment. Completing
P11D and Class 1A National Insurance
A reminder about payments relating to benefits in kind and National Insurance. Employers must pay Class 1A National Insurance contributions