Why not change your accounting system to an online accounting system and get the following benefits:- – Available anytime, anywhere you’re online; – Real-time collaboration with your adviser; – No installation, update costs or IT maintenance required; – Pay as you go from £10 per month with no upfront costs, no contracts and full support;…

Tax incentives for R&D have received a major boost in recent years and now include R&D Tax Credits for revenue costs, Research and Development Allowances for capital costs and a low tax rate for income derived from patentable technology. Over £1billion in tax a year is repaid to companies via R&D tax Credits. If your…

The reduction in corporation tax for larger businesses should help encourage them to remain or relocate to the UK and we can only assume that if the measures introduced in the Budget promotes inward investment in this way then it will ultimately have a knock on effect for the smaller and medium sized businesses who…

If you own a Furnished Holiday Let (FHL), Houses with Multiple Occupancy (HMO) or a UK-Based Commercial Building you are entitled to claim capital allowance tax relief against the plant and machinery contained in these buildings as set out in the 2001 Capital Allowance Act. The capital allowances including fixtures and fittings can amount to…

Taxpayers have been warned by HM Revenue & Customs (HMRC) about bogus tax rebate claims. As the January 31st deadline for self-assessment tax returns looms ever closer the amount of fraud emails claiming to offer rebates are on the increase. In reality the emails are designed to obtain the bank details and card numbers of…

HMRC has announced that electricians will be the next group targeted as part of its crackdown on tax evasion. The Electrician’s Tax Safe Plan will be launched in February 2012 and will offer favourable terms for electricians to come forward and declare their unpaid tax. Following this, HM Revenue & Customs will target those in…