Xero Xero has over 3 million subscribers and is one of the most effective accounting software platforms across the globe. Xero allows for third party apps to integrate with the software – currently, there are over 700 apps that can be used for expenses, invoicing,...
The tax relief scheme for Research and Development (R&D) is an important way to cut the costs of investing in R&D, development projects and innovation across your business. However, the Spring Budget 2023 has brought in several changes to the R&D tax...
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. “It is a corporation tax cut worth an average of £9 billion a year for...
Whether you’re looking to retire or move on to a new venture, selling your business is a big decision. If you’re incorporated as a limited company, you’ll usually be faced with two choices for how to structure a sale. You can choose between: Selling the trade – ie the...
The main rate of corporation tax will rise from 19% to 25% from 1 April 2023, affecting companies with profits of £250,000 and over. The legislation provides that small companies with profits up to £50,000 will continue to pay corporation tax at 19%, with profits...
Are you self-employed? Or are you a partner in a trading partnership? If you are, you should be aware of the proposed changes to the tax basis period for unincorporated businesses. HM Revenue & Customs (HMRC) is proposing to change the way that unincorporated...
