To be successful in a game of chess, it requires strategy: thinking ahead and planning your next move. Where R&D claims are concerned, it is more important than ever for company directors and their accountants to be looking ahead and planning their moves since the introduction of the advance claim notification – a requirement that many people remain unaware of.
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Christmas is just around the corner. And – just beyond – is the deadline for filing your 2023-24 self-assessment tax return.
It must be with HMRC by 31 January 2025, but if you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
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The tree is up, the jumpers are festive, and we are starting to turn our thoughts to Christmas once again!
There are many ways to reward employees in a tax efficient way, and even though some of these can be complex, there are other ways of providing tax efficient or tax-free benefits which are very simple.
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The new Chancellor of the Exchequer, Rachel Reeves, has delivered the Labour government’s first budget since being elected earlier this year. Unveiling her plans, the Chancellor spoke of the need to “restore stability” to the economy and “deliver change” with an “economy that is growing”.
We have picked out some of the key announcements that may be of interest.
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With much in the media about exploitation of HMRC’s R&D scheme and increases in R&D claim enquiries, we reflect on why this shouldn’t be off-putting to clients who are considering making a claim.
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Amidst uncertainty around the Budget announcements, one change that has been confirmed is the Government’s intention to repeal the special tax rules relating to the commercial letting of Furnished Holiday Lets.
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Following Labour's victory in the general election, we take a look at some of the main pledges from the manifesto and Chancellor's speech which impact tax and business.
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It’s early June – we’re into the new tax year. Most people won’t have started thinking about their personal tax return yet. But, there are some real advantages to getting it done early.
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Do you think your company might be eligible for Research and Development tax relief?
If so, it’s more important than ever to be communicating with your accountant and making sure that you aren’t caught out by the new rules in place and subsequently prevented from submitting a claim.
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The deadline for filing a self-assessment tax return is 31 January 2024.
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