Business News

15 June 2023

The ins and outs of pre-notification of R&D claims

The UK Government has long encouraged businesses to invest in Research & Development (R&D) projects, believing it to be at the forefront of economic growth. R&D

19 May 2023

P11D – Are you ready to report and pay tax on Benefits in Kind?

Benefits in Kind (BIK) cover a number of different perks or additional payments made by employers to their employees. They can include any of the following:

19 May 2023

Changes to the repayment of Student Loans begin in August

The way in which Student Loans are repaid is changing and employers need to be prepared. Currently, graduates and students who have taken out student loans

19 May 2023

Fiscal drag bites on earners

Changes to personal tax allowances and higher interest rates have seen a growing number of people being affected by fiscal drag. Fiscal drag is the phenomenon

19 May 2023

What is the Residence Nil-Band Rate? And why does it matter to you?

The Residence Nil Band Rate (RNRB) was introduced by the Government in 2017 and benefits families passing on their main property to a direct descendent. Since

19 May 2023

Landlords are latest group targeted by HMRC ‘nudge’ letters

Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of a

19 May 2023

683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen

The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were earning

19 May 2023

Striking the perfect balance: Director’s salary and dividends for 2023/24

As a business owner, determining the ideal salary for company directors can be tricky. Often, most directors will want to balance their salary and dividend payments

19 May 2023

Businesses must get to grips with a Government crackdown on fraud committed by employees

A new ‘failure to prevent fraud’ offence is being introduced by the Government to encourage businesses to do more to deter offending, which will ultimately protect

26 April 2023

SMEs to benefit from Chancellor’s change to the Research & Development tax credits schemes

Chancellor Jeremy Hunt announced a partial reversal to the SME Research & Development (R&D) tax credit cuts in the recent Spring Budget after facing months of pressure. Startups

26 April 2023

Chancellor abolishes Lifetime Allowance pensions shake-up

The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as much as they like into their

26 April 2023

How does Full Expensing work?

Chancellor Jeremy Hunt has announced a partial replacement for the Super Deduction that allows companies to write off 100 per cent of the cost of investment