More recent posts
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Prepare for the new penalty system affecting late VAT returns and payments
HMRC’s new penalty system for late VAT returns and payments will be enforced from January 2023. The current system With the current system, HMRC can charge a financial…
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Autumn Statement 2022 – At a Glance
Chancellor Jeremy Hunt has delivered the Autumn Statement 2022. We have provided some details of the tax changes announced that will be of interest to owner-managed businesses, entrepreneurs…
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Attracting investment with SEIS and EIS
The tax incentives offered under the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are very attractive but come with some stringent criteria to follow. What…
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An increasing media spotlight on the R&D industry
A series of articles from The Times newspaper has placed a greater level of exposure on businesses illegitimately claiming Research and Development (R&D) tax credits. Over the past…
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What is the right pay frequency for your business?
There are numerous factors that must be considered when choosing your company’s pay frequency. From accounting needs, HMRC deadlines and, most importantly, how it will affect your employees.…
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New half year record for IHT receipts
A record £3.5 billion of inheritance tax (IHT) was gathered by the Treasury in the first half of 2022, the highest on record. Released last week, figures from…
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Jeremy Hunt axes mini-budget tax cuts
Chancellor Jeremy Hunt has announced the government will axe almost all the tax cuts it announced in last month’s mini-budget. In an emergency statement this morning (17 October),…
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Maximise your business’ value before your exit
Deciding when to sell your business can be a complicated challenge. It is important to consider how holding off in the short term can lead to stronger opportunities…
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R&D advisers – what separates the wheat from the chaff?
HMRC are increasing their scrutiny of R&D claims. It is now more important than ever to work with an R&D adviser who knows their stuff. HMRC’s investment in…