In the Autumn Statement last year, it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme would be merged from April 2024. The merged scheme R&D
How to claim R&D expenditure credit Read More »
HMRC has the power to make directors personally liable for paying the tax debts of companies they have been involved in under certain limited circumstances. This can also apply to certain other
Directors who are liable for unpaid tax Read More »
HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information.
Restarting a dormant or non-trading company Read More »
A reminder to readers that the full expensing 100% first-year capital allowance for qualifying plant and machinery assets came into effect last April. To qualify for full expensing, expenditure must
Full expensing of capital purchases Read More »
One of the biggest advantages of being a limited company vs. a sole trader is the fact you can make pension contributions through the company. This is a highly tax-efficient way to take money out of your company, albeit you won’t be able to access the funds until you are 55 years old. Let’s look
5 great benefits of a limited company director pension Read More »
A number of reforms to tax reliefs for the creative sectors came into effect from 1 January 2024. Under the reformed system, a children’s TV production, animated TV production or film with £1 million
New tax credits for film, TV and game makers Read More »
The normal filing deadline for filing the accounts of a private limited company is nine months after the company’s financial year end. Known as the accounting reference date. For example, many
More time to file company accounts Read More »
The buy to let property market in the UK, despite all the media coverage to the contrary, can still be a good investment for those looking to grow their wealth long-term. Many buy to let investors fall into being a landlord accidentally. These investors are unlikely to have thought long and hard about the tax
5 easy steps to set up a company for buy to let property Read More »
In the Autumn Statement it was announced that the existing R&D Expenditure Credit and Small and Medium Enterprise Scheme will be merged from April 2024.
It was also confirmed that there will be
Tax relief for R&D intensive SMEs Read More »
The Corporation Tax main rate for companies with profits in excess of £250,000 increased to 25% on 1 April 2023. A Small Profits Rate (SPR) of 19% was also introduced from the same date for companies
Corporation Tax marginal rate Read More »
