Is Research and Development tax relief available?

12th September 2016

Research and Development (R&D) tax relief can provide additional tax deductions and enhanced cash flow for companies. HMRC have introduced ‘Advance Assurance’ which enables small companies to confirm their entitlement to R&D tax relief R&D tax relief can allow a company to claim an additional corporation tax reduction of 26% of the expenditure incurred. Alternatively […]

The new regime for dividends and interest

19th August 2016

From 6 April 2016, new dividend and savings allowances are introduced together with revised rates of taxation on dividends.  In a changing landscape for personal tax, it is crucial to understand the opportunities and pitfalls in the new regime.Dividend & savings incomeMaximising your entitlement to the allowancesPlanning for spousesWhat about ISAs?With more allowances available to […]

Salary sacrifice and Auto Enrolment

27th July 2016

Have you thought about delivering tax savings for the employer and the employee with a salary sacrifice scheme? Salary sacrifice takes place when an employee gives up the right to part of their remuneration in return for the employer providing the employee with some form on non-cash benefit.As announced in the 2016 Budget, the government is […]

Brexit and tax

27th June 2016

The EU referendum result will, of course, have significant long term economic consequences for the UK and many areas of law will need to be adapted to the new era. What are the possible tax consequences of the UK ceasing to be a member of the EU?The main point to note is that many areas […]

Cyber security for business

4th June 2016

Businesses have a one in four chance in a 12 month period of being affected by an information technology security breach according to a government survey.The survey found that many of the breaches are a consequence of the internet. The most common breaches are viruses, spyware or malware (68%), and breaches involving impersonation of the […]