R&D: does your project qualify for tax relief?
If you’re investing money to research and develop new products and services, you may be able to claim tax relief. Josh Ruthven from our tax department looks at some of the criteria for financial support from the government. What is Research and Development relief? Research and Development (R&D) relief supports companies that work on innovative projects in […]
Claiming expenses while self-employed
MATT WALTON from our accounts department says that self-employed people don’t always claim what’s owed to them in tax relief. Here are some handy pointers to help you get the process right. When operating as a self-employed individual, it can be easy to miss expenses you have incurred that may be eligible for tax relief. It […]
Ten tips to reduce corporation tax
Corporation tax is a fact of life for businesses, but you can minimise your bill by taking some straightforward steps, according to JAMIE PUGH of our accounts department. There’s no reason to pay more corporation tax than you absolutely have to. Here are my top ten tips for keeping your annual bill to a minimum: Claim all […]
QuickBooks Online Tips and Tricks
The Death of QuickBooks Desktop is now upon us, so cloud accounting expert Josh Smithurst thought it would be the perfect time to share his top tips and tricks for QuickBooks Online. In this article I will share some secret tips and tricks that could help automate your bookkeeping – leading to less time spent maintaining your […]
Inheritance tax – leaving a home to children / stepchildren / grandchildren
Are you planning on leaving your home to your children or grandchildren? Beware the potential impact of inheritance tax. Page Kirk tax partner Neil Moon explains how careful planning can help you mitigate tax liabilities and maximize the benefits of Residence Nil Rate Band. Whether you’re in the early stages of planning or are already navigating the […]
Sole trader or limited company? The choice facing buy-to-let landlords.
If you’re renting out property, you have a number of issues to consider. But don’t neglect one of the most important ones, writes accountant KAREN PORTER. Being a landlord can provide a reliable monthly income, while allowing you to own an asset which should grow in value. The decision to operate as a limited company or […]
Payroll Tax Year Changes 2023/24
Change is afoot in relation to rates and thresholds for tax, NI, sick pay and other important elements of your payroll. Our expert NICOLA CANTRILL guides you through the figures for the new tax year. Each year, starting on 6th April, new government payroll changes come into effect. Below we have highlighted the main changes that affect individuals […]
Why You Need a Business Exit Strategy
Do you have a business exit strategy? Whether you are looking to retire in the future or profit from a business sale some years down the road, it’s never too early to plan. Page Kirk Partner James Haywood explains more. Business owners put great efforts into the start-up processes of their business but sometimes forget that an […]
Taking money from your limited company. What are the options?
If you’re a director of a limited company, there are a number of ways of extracting money. But which is right for you? Chartered Accountant Tom Johnson takes a look at the choices available. Choosing to set up a limited company and becoming a director can be significantly more tax-efficient than working as a sole trader. As […]
Which structure is right for your business?
According to Max Perry from our accounts department, your choice of business structure can have a pretty fundamental impact. So which ticks the boxes for your own set of circumstances? Business structures impact how you operate day-to-day, as well as – crucially – the legal requirements you have to observe. Each structure has their own advantages and […]