The profits chargeable to tax for those with a year-end other than 31 March are changing. So if your practice accounts are prepared to a date other than 31 March then you will need to understand how these changes may affect you.
Expert Opinion
Will I get taxed when being reimbursed for charging my company car at home?
HMRC has published amended guidance regarding home charging of electric company cars which means that there will not be a separate charge to tax as a result.
What are the tax implications for child benefit if you earn over £50,000?
If you are claiming child benefit, it is important to be aware of this threshold which hasn’t changed with inflation as more parents are likely to get caught out by it.
Merger of R&D Tax Relief schemes likely to go ahead
James explains how the government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure on R&D.
HMRC have raised interest rates again as the base rate has increased
Rob gives a reminder of the changes which came into effect on 11 July 2023.
Can a staff summer party be tax-free?
Rachel explains the exemptions around having an annual event for staff whether it’s a summer barbeque or the Christmas party.
Creating value through a clear roadmap
Ollie explains the process we adopt in delivering the right outcome for clients using our Client Roadmap.
R&D Tax Relief – New claims processes explained
James explains the new process requirements for filing R&D claims effective this month.
What can I use my Tax-Free Childcare account for?
Rachel reminds working parents that the Tax-Free Childcare account can include paying for a summer holiday club.
You don’t know what you don’t know!
Shaun explains the areas he explores to ensure businesses are getting the most out of their accountant.
R&D Tax Relief – HMRC enquiry activity
In the second of a series of three articles on R&D, James discusses the current volume compliance approach being utilised by HMRC.
HMRC targets Airbnb hosts as part of its Let Property Campaign
Rachel explains HMRC is targeting those in the short-term rental market so if you think you may have underdeclared your property income, now is the time to act.
R&D Tax Relief – Reform of reliefs (part 1)
In the first of a series of three articles on R&D, James discusses recent changes to the reliefs.
Associated companies – can my company benefit from the small company Corporation Tax rate?
For the first time in 8 years we have returned to a system of two rates of Corporation Tax– but what does this mean?
Rethinking the way auditors assess risk
Our audit team proactively worked together to recognise how the revision to the ISA 315 related to our audit work and our clients. Ryan explains more with insights from Tom and Sophie.
What can I claim for business use of home?
Directors can claim the standard use of home allowance but this is rarely a true reflection of the costs incurred. Joe explains the use of home agreement.
Sale success for MG Scaffolding (Oxford) Ltd, acquired by RSK Group Ltd
Bringing the business to life with a comprehensive Information Memorandum secured sale success for MG Scaffolding. Ollie explains how the desired outcome was achieved.
Explaining the myth that you will pay tax if you make a profit
Understanding what adjustments are applied to your tax computation can help to explain the reasons why tax might not be payable.
Start-up electric bike business have our experts on hand to support their growth journey
By understanding the business and its goals from the outset, Shaun explains how he has been able to bring in the right expert at the right time to help EDEMO Electric Bikes manage their rapid growth.
How can I make my business more profitable?
Our 2023 Business Leader Survey highlighted that the number one theme for this year is “profitable growth”. Is this possible and if so what is driving this change in mindset?