Cap on unlimited income tax reliefs Currently individuals can offset their entire income against income tax reliefs, and as a result pay no income tax at all. However, in The Budget 2012 it was announced that from 6 April 2013 … More
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Cap on unlimited income tax reliefs Currently individuals can offset their entire income against income tax reliefs, and as a result pay no income tax at all. However, in The Budget 2012 it was announced that from 6 April 2013 … More
Pension Tax Relief A number of employees may not be getting their higher rate tax relief on their pension payments. To help you to determine whether your contributions are correct, we have highlighted below the two types of pension scheme … More
R&D Tax Credits – Are you missing out on free cash? The 2012 Budget statement showed that the government is very keen to reward companies which invest in research and development (R&D). Even more companies are now eligible and the … More
Do I need to complete a 2011-12 Self Assessment Tax Return? Find out if you need to complete a Self Assessment Tax Return to avoid unnecessary penalties… This year the fines for not completing a Self Assessment Tax Return are … More
Year end tax planning guide 2011/12 Are you taking advantage of the available reliefs and exemptions? As the end of the tax year approaches for many businesses; reviewing your affairs now will help you take advantage of the reliefs and … More
HMRC gives two day leeway on late Self Assessment filing penalties HMRC has announced that it will not impose any late filing penalties for people who file their Self Assessment returns on 1 and 2 February 2012. This is due to … More
Essential business and tax tips for 2012 Shape up your finances! Whilst many New Year’s resolutions have already been made and broken, it is not too late to make a commitment to shaping up your financial position, be that for your business or your own personal … More
Seed enterprise investment scheme The government has released more information on the new Seed Enterprise Investment Scheme (SEIS) aimed at smaller companies. The proposals include the following: The relief will initially run from 6 April 2012 until 5 April 2017 … More
Autumn Statement 2011: Small businesses Overall, it was a positive announcement for SME’s Here is our summary of the Autumn Statement announcements for businesses. Tax Corporation tax was previously cut from 28% to 26%. It will now fall to 25% … More