R&D Tax Relief Reforms: Are you ready for next year's changes?
The government is looking to reform Research and Development Tax Relief for accounting periods beginning on or after 1 April 2023 - what does mean for companies claiming?
UK Recovery Loan Scheme has been extended - is your business eligible?
On 20 July 2022 Business Secretary Kwasi Kwarteng announced that the Recovery Loan Scheme (RLS) will be extended for a further two years offering small businesses crucial support, while also accelerating economic growth in the UK.
Help to Grow: Digital - New government scheme helping small businesses
Perhaps one of the most obvious changes brought about by the pandemic is just how important technology has become. During lockdowns and restrictions, entrepreneurs and business owners found new ways to pivot and keep everything ‘business as usual’ with the use of new technology.
5 Common Pitfalls of Gift Aid Donations for UK Taxpayers
Charitable tax relief is a way for individuals and limited companies to donate to registered UK charities tax-free and it may also benefit you when Self Assessment season comes around.
HMRC is penalising off-payroll mistakes: What you need to know about IR35 rules
While off-payroll working rules (IR35) for the private sector have been in place since April 2021 HMRC has been relatively relaxed when it comes to penalising those who make mistakes - until now.
What does the NI threshold increase mean for employees and the self-employed?
Along with the start of the 2022/2023 tax year, 6 April brought a new increase to National Insurance contributions (NICs) known as the Health and Social Care Levy.
P11D Forms: What are they and how are they submitted to HMRC?
On 6 April 2022 HMRC decommissioned its online end of year expenses and benefits service, the interactive PDF used by small businesses to submit P11Ds. While the deadline for reporting taxable benefits and expenses is 6 July 2022, it's never to early to implement an efficient filing procedure.
3 Types of government-backed financial support for small businesses
Businesses across the UK are feeling the effects of inflation and doing their best to navigate through these financially challenging times. Amidst the number crunching and budgeting, there are key government support measures available to help small and medium sized businesses.