Full expensing
The new corporation tax incentive explained for plant and equipment. […]
Corporation tax in 2023
How will the April tax rise affect your company? […]
How to extract profits out of your company
How to extract profit from your limited company in a tax efficient way. Download Article (PDF)
The Future of UK Corporation Tax
In the Spring Budget 2021, Chancellor Rishi Sunak announced that the UK's main rate would increase to 25% (for profits over £250,000) from April 2023, at the same time as a separate small-profits rate of 19% (for profits of £50,000 [...]
Complying With Tax Obligations Amid COVID-19 Disruption
It's not often that HMRC makes exceptions to its tax deadlines or late-filing penalties, but the past year has, as in so many ways, been different. Between optional deadline deferrals, new payment schemes and temporary reliefs, keeping on top of [...]
Corporate Tax Planning 2020/21
Looking forward through the next 12 months, tax management and planning could play an important role in helping your business survive these uncertain times. Now is a good time to review whether the tax planning strategies of your business both [...]
R&D Tax Credits in Practice
R&D tax credits allow small companies to deduct an extra 130% of their qualifying costs from any profits, in addition to the existing 100% of qualifying costs - a total potential deduction of 230%. Can my company claim R&D relief? [...]
Tax Implications of Working From Home
Working from home offers all kinds of benefits, from the opportunity to create the perfect environment in which you can be most productive, to the improvements to work-life balance that come with ditching the commute. Working from home has tax [...]
Capital allowances
Capital allowances provide the mechanism for tax relief on certain types of capital expenditure essentially providing a deduction against profits. Are you maximising your capital allowances position? Read our guide here to see how to minimise business tax in 2018//19.
Clipping the wings of phoenix companies
There are a number of rules that surround carrying on a similar business through a new company after the original company has gone into insolvency, also known as ‘phoenixing’. Read our update to understand what the tax legislation says about [...]