research and development

when does hmrc investigate self-employed

HMRC’s Investigation of Self-Employed Individuals!

The investigation by HMRC is very rarely welcomed pleasantly by the self-employed small business owners or the sole traders. As we all know, this process is quite time-consuming and full of stress as well. This can make you pay higher tax bills no matter what type of business you are running. Like the majority of […]

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enterprise management incentive

What are Enterprise Management Incentives(EMI)?

The Enterprise Management Incentive (EMI) scheme provides tax benefits for medium and small-scale businesses. It is a share option scheme for employees to acquire shares after fulfilling some conditions. This scheme attracts employees by providing them with the opportunity to equally participate in the business. Understanding Enterprise Management Incentive (EMI): EMI scheme offers a share

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Difference Between Revenue and Income

What is the Difference Between Revenue and Income?

If you’ve studied business or finance, you might be well aware of the terms revenue and income. But if you haven’t, this blog post is especially for you. Many people consider them interchangeable terms, but they aren’t. Though they are directly proportional to each other, they are different. As in most cases, when your revenue

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Research and development expenditure credits

Research and Development Expenditure Credits (RDEC)

Research and Development expenditure credits define the future of any country. A major government policy was introduced in this regard to promote R&D in the UK. Under the policy, multinational and other corporate agencies are encouraged to work aggressively on research and development. If you own an entity and if you’re busy carrying out research

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