While the tax efficiency of paying into a pension is clear, the question on most people’s minds is how much the taxman is entitled to when they want to start making use of their pot.
While the tax efficiency of paying into a pension is clear, the question on most people’s minds is how much the taxman is entitled to when they want to start making use of their pot.
Raising finance is a crucial but challenging aspect of running a successful business, whether you’re launching a start-up or looking to expand your operations.
You can have the best product in the world, a solid business plan and a comprehensive marketing strategy, but if you can’t access the necessary inance success will be much harder to achieve.
R&D tax relief currently provides an enhanced deduction of 230% of qualifying R&D revenue costs. This is made up of:
This means that for every £100 of qualifying R&D costs, £230 is deducted from the company’s pro ts, or added to the company’s trading losses for tax purposes.
Whether you are self-employed, a company director, a landlord or fall into any of the other categories requiring a self-assessment tax return, keeping accurate and up to date records is important.
Depending on your sector and your export destinations, deciding to sell products and services abroad can increase your expenditure, consume your time, and introduce new regulatory and administrative complexities.
Additionally, the decision taken by the British people to leave the EU has caused uncertainty for UK businesses trading in EU member states. It is understandable why an aspiring exporter might be slightly hesitant about committing to expand overseas.
There are many ways to earn an income from property such as residential properties, furnished holiday lettings, commercial properties and renting out a room in your house.
The exact tax treatment and allowable expenses will differ depending on the type of property you own and your level of income.
This months edition includes:
This months edition include:
This months endition includes:
Yet again small business owners are targeted by the government !
Read about the Winners and Losers in our guide to the 2017 budget!
Bedtime reading for things to know about before and after the tax year end.
This months edition covers:
Making Tax Digital!
Working Pensioners increase income
Late payment new rules
The Apprenticeship Levy
This month edition covers:
SME Borrowing rise
Retired income is up 13%
Financial concerns
Small firms pay above 1% minimum Pension
This months copy covers:
Self Assessment Reminder
2017 Tax changes
Changes proposed for Flat Rate VAT
This months guide covers:
Small business finance
Business rates changes
Workplace Pensions
Our summary of the latest budget, the first since Brexit! Download here
This months insider guide covers:
With the number of houses selling for more than £325,000 more than doubling since 2009, more and more people are falling into paying inheritance tax on their own home. Read more here
Last year 608,110 businesses were incorporated, here are a few things for you to consider when starting your own business. Click here to download
You may think that 31 January 2017 is months away but completing your self-assessment tax return is something many people fail to do straight away, and often it is not completed until quite late in the year. There are many reasons why completing your tax return NOW may benefit you;
We are 
proud to announce that we are supporting the DCS Autumn IT Showcase at the National railway Museum in York on the 22 November 2016.
Visit us and other vendors face to face between 10am and 4pm. Entry is free, just register here.
Welcome to Jemma Jones, Accountant
Jemma has joined us in October 2016 following a move to Yorkshire, and is studying towards her ACCA qualification.
Prior to joining the team Jemma has over 5 years of accounting experience supporting a range of businesses on areas including VAT, payroll, book keeping, taxation and year end accounts.
