From 6th April 2019, the total minimum contribution for auto-enrolment is increasing to 8%. Employers will need to make sure that they contribute at least 3% of qualifying earnings (up from 2%), with employees paying in the remaining 5% (previously 3%). As an employer, it is your
Read more →There is less than three months to go until Making Tax Digital transforms the UK tax system. If the new rules apply to you, it is essential that you prepare your business now to avoid a penalty from HMRC. Over the last six months, we’ve been working
Read more →Although Government statistics have shown a marked increase in the uptake of its Research and Development Tax Relief Scheme, there remains certain misconceptions around who is eligible to apply for R&D. Introduced in 2000, R&D tax credits aim to encourage investment in innovation, allowing businesses to claim
Read more →A consequence of failing to seek proper advice or opting for the cheapest possible insurance quote often leads to many businesses leaving themselves underinsured. A recent report suggests that up to 80% of UK commercial properties are underinsured and a further 40% of businesses fail to have
Read more →Christmas is the season of giving and our offices have been working hard to make sure that those less fortunate receive some festive cheer. Rather than giving one another Secret Santa presents this year, our Preston practice has instead donated the equivalent £55 that they would have
Read more →Planning what will happen to your possessions and savings once you’re no longer here is something that many of us put off. And this is backed up by research from YouGov, which suggests that 62% of adults in the UK are running the risk of dying intestate,
Read more →Claims for R&D tax relief are on the rise according to new statistics released by HMRC, demonstrating that more businesses are seeing the value in the government incentive scheme. R&D tax credits were introduced in 2000 to encourage investment in innovation, allowing businesses to claim tax relief
Read more →According to a survey by the British Chamber of Commerce, two thirds of businesses say that VAT is their biggest administrative burden. With this is mind, we’ve put together a simple guide to help businesses get to grips with the basics of this rather tricky tax. What
Read more →Many business owners are still in the dark about the Business Banking Switch Scheme, so let us explain what the new incentive means for SMEs. The Business Banking Switch Scheme was set up by the government following the financial crisis, as part of the bailout of The
Read more →So many businesses are overlooking research and development (R&D) tax relief, not realising that they could be eligible for the Government incentive, which can help to reduce your Corporation Tax bill or provide a cash repayment on the money invested. In fact, according to figures from HMRC,
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