Getting the maximum tax benefit from capital spending often involves a balance of considerations, and timing can be critical to the outcome. We look here at two timing issues that could impact your business. Continue reading “Why timing matters for your capital spend”
Quarterly news
The research and development myth busted
Research and development (R&D). It’s what other people do. Right? The answer is, not necessarily. Many companies carry out R&D without realising that their activity could bring them within scope of the R&D tax regime. It matters because R&D tax relief is particularly generous. Continue reading “The research and development myth busted”
Tax free benefits for directors and employees
And it’s not too good to be true. Don’t be put off by the technical name. What are called ‘trivial’ benefits, are far from trivial. They can make a very worthwhile add-on to remuneration. Continue reading “Tax free benefits for directors and employees”
A summary of pension changes
Our round up of pensions news highlights a number of changes you should be aware of. Continue reading “A summary of pension changes”
The Tooth v HMRC case and two takeaway messages
A complex Supreme Court case in 2021 ended in taxpayer victory and we offer two takeaway messages. Continue reading “The Tooth v HMRC case and two takeaway messages”
Gift Aid and the 5 own goals to avoid
There’s no doubt that Gift Aid is good for charities. Latest statistics reveal that the average Gift Aid donor gives £360, though Northern Ireland tops the list, with an average gift of £750. But it’s also an area where close attention to the rules matters. Continue reading “Gift Aid and the 5 own goals to avoid”
HMRC sets sights on cryptoassets
For proof that cryptoassets are high profile, see Collins Dictionary’s 2021 word of the year. It’s NFT – non-fungible token. Continue reading “HMRC sets sights on cryptoassets”
Income tax administration to get a shake-up
It’s not just technical tax talk – recent proposals could have a major impact on income tax liabilities. Continue reading “Income tax administration to get a shake-up”
