Spring Statement changes come into effect. From 6 July, the new thresholds came into effect. But what does that mean for you? As a self-employed worker, you will already pay your National Insurance differently to that of an employee. But now your threshold has...
How to reduce penalties for accounting errors. HMRC recently announced new powers to investigate companies they suspect of evading taxes, so as a business owner, you might be worrying about what happens if your company comes under scrutiny. Even if you’ve played...
In recent years, HMRC has identified and successfully challenged several false claims for Research and Development (R&D) tax credit relief made by purported R&D Consultants. Many of these claims have been for projects that did not satisfy the criteria for the...
Most businesses rely on funding in one form or another to keep their operations running, invest in new equipment or projects, and grow. The past few years in particular have made it necessary for many businesses to source extra funds, either for dealing with the...
The lowdown on this relief for innovation. Research and Development (R&D) tax credits were once a little known tax incentive for companies which invested in innovation. But after rule changes in recent years, and a push by many Tax Advisers, they are now much more...
We are all somewhat used to living with economic doom and gloom at present, from sky high inflation rates to tax rises being splashed across the news headlines. But recent analysis from the Office of Budget Responsibility shows that you may also get stung harder after...
