R&D Tax Credits
R&D tax credits A guide to the tax relief available to innovative SMEs. Research and development (R&D) tax relief for small companies provides an enhanced deduction for the costs of qualifying R&D projects. R&D tax relief for large companies is given as an expenditure credit in the company’s profit and loss account before the tax…
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Cashflow Forecast
Predicting your future… with financial forecasting With the pandemic still very much on the mind of business owner there has never being an more important time to look at cash-flow forecasting to ensure that your business has the cash to pay suppliers, wages. An all too common story Have you ever experienced that moment when…
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Cloud Accounting
Cloud Accounting and Bookkeeping Overview There is now the opportunity to have you cloud accounting software which means you no longer need to have this installed on your desktop you can access this via an internet connection from anywhere. This will avoid the upgrades like with Sage as you will always have the latest version…
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Important changes to the Government Furlough Scheme
As the government begins to ease lockdown measures that will see more people return to work, employers should be aware of upcoming changes to the Coronavirus Job Retention Scheme (CJRS), also known as ‘furlough’. Here is a summary of these changes, based on our current understanding. Important dates & changes for June/July: 10 June: This…
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Auto-enrolment
Auto Enrolment It is now law that as an employer you have legal obligation to offer a workplace pension to all employees and any new starters in the future although as this has been law for a few years already most existing employees have already been enrolled in the pension. As an employer you also…
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Furlough Scheme who is eligable
HMRC will set up a new online coronavirus job retention scheme/furlough portal, due to launch on 20 April 2020, so that ALL UK employers this month, regardless of size, will be eligible for assistance where an employee has been designated as a ‘furloughed worker.’ HMRC will reimburse 80% of furloughed workers wage costs, up to…
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Furloughed Workers
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. The scheme will be in place for three months initially and all UK businesses are eligible. The salary subsidy…
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Business Records Check
What if HMRC want to visit your premises Within HMRC the tax department has decided to revive its programme of business record checks in November 2012, there’s an increasing chance of a visit from the tax inspector for businesses in the high risk category. The cross-tax checks where their connect system is part of a…
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Auto Enrolment
Auto Enrolment It is now law that as an employer you have legal obligation to offer a workplace pension to all employees and any new starters in the future although as this has been law for a few years already most existing employees have already been enrolled in the pension. As an employer you also…
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Management Accounts
What the successful businesses do All successful businesses know you need to have your finger on the pulse for making the right decisions. That means having access to the most up-to-date numbers for your business. And not just having access to those numbers, but also fully understanding them and how to use them to guide…
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