Budget 2014 introduced new measures affecting loss making SMEs undertaking research and development activities. Group Tax Director Gill Molloy explains how businesses could now recover up to 32.6% of costs. Loss making SMEs with no corporation tax liability could be eligible for a cash payment, known as a “Research & Development (R&D)
Read more →Start-ups and small to medium-sized businesses across the North West are potentially losing thousands of pounds by failing to take advantage of lucrative tax breaks. Champion Accountants is urging local entrepreneurs to be pro-active and reap the benefits of the Annual Investment Allowance (AIA). Doubling the allowance
Read more →There is widespread support for government proposals to provide free retirement guidance but more than half of over-55s think it should come from an independent, consumer body. Chancellor George Osborne announced plans at the 2014 Budget to guarantee all retirees with a defined contribution pension “free, impartial
Read more →More than half (53%) of people are now saving adequately for retirement, according to a survey by Scottish Widows. This is an 8% increase compared with 2013 and is the highest level since 2009. It is also the biggest ever year-on-year increase. Scottish Widows defines adequate savings
Read more →Luck does not play a big role in a firm’s success according to nearly three quarters of small business owners, research by software provider Sage has found. In a survey of more than 1,000 UK small business owners, just 28% of respondents felt that luck had a
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