Research and Development – it’s not all lab coats and test tubes

Have you come across Research and Development relief (R&D) before? If you own or run a company, this relief could be hugely advantageous to you. HMRC are really keen right now to help companies in developing new and exciting products; these range from anything to developing mobile phone apps to creating a new part for … Continue reading Research and Development – it’s not all lab coats and test tubes

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Tax Free Childcare – don’t miss out!

By Mel Hackney Many people have come across childcare vouchers in their employment – essentially, this is where an employer can ‘award’ vouchers which are paid tax and NIC free. However, HMRC have been intending on abolishing this scheme for some time, recognising the lack of equality between employed and self-employed individuals in this area, … Continue reading Tax Free Childcare – don’t miss out!

Hey Big Spender!

By Mel Hackney There have been some pretty significant changes to capital allowances recently, and it’s important to consider these when making investment decisions. A capital allowance is a deduction from trading profits which is allowable for tax, therefore reducing yours or your company’s tax liability. Firstly, from October 2018, capital allowances for structure and … Continue reading Hey Big Spender!