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Are you ready for IR35?
The upcoming changes to off-payroll working rules (IR35) have implications for millions of contractors across the UK. Whether you're a contractor yourself or you employ contractors as part of your business, keep reading to see what these changes could mean for you.
Deadlines loom and so do the scammers
As the 31st January 2021 annual tax return deadline looms HMRC is reminding people to take extra care in ensuring communications that look like they’re from Government departments are genuine.
R&D tax credits and the PAYE cap
The government has released draft legislation for the upcoming 2021 Finance Bill which relates to the SME R&D scheme. And it's a noteworthy update, confirming that a cap of 300% of a company’s total PAYE and NIC Liability will be applied to SME scheme payable R&D credit claims. Keep reading to learn how this may affect your business’s next claim.
Claim thousands in tax relief before the year is out
With the end of 2020 just 8 weeks away, a large proportion of businesses across the UK are preparing for their December fiscal year-end. While we know it’s a busy time – it is for us too –we want to make sure you don’t let a potentially vital source of funding pass you by in the rush.
Rise in claims for R&D tax credits amongst SMEs
The latest uptake statistics for R&D tax credits and Patent Box were released by HMRC earlier this week. Here are some of the key takeaways.
Four things to consider before extending your accounts filing deadline
In June of this year, new measures were introduced through the Corporate Insolvency and Governance Act to relieve the burden on businesses during Coronavirus by allowing them longer to file accounts.
How the Winter Economy Plan is helping SMEs
Though another full lockdown has not been announced, further measures to stem the spread of Coronavirus were revealed last week. With the economy struggling to recover from lockdown and these new restrictions spelling even further challenges for already vulnerable sectors, Chancellor Rishi Sunak outlined a package of measures to help businesses through the next few months of the pandemic and the winter trading period. Let’s take a look at some of those announcements and what they could mean for small to medium enterprises in the UK.
£20m in new grants to support SME recovery
Has your business been affected by COVID-19? If so, you may be able to benefit from £20 million in new grants to boost recovery of SMEs.
3 key areas to consider before choosing your R&D tax credit advisor
Awareness of the R&D Tax Credit scheme is growing and as a result, so are the types of service offering that advisors provide to help you submit a claim. Whether you are planning to do your first or fifth claim, we recommend that you regularly carry out an assessment to check that you have chosen the most appropriate advisor for your business needs.