Tax Issues

research and development tax credits

Research and Development tax credits for small and medium-sized enterprises

If you want to transform your business, research and development tax credits are here to fuel up your business growth by rewarding you for research and innovation. Read on to explore how R&D tax credit can transform your business.   What are Research and Development Tax Credits? R & D tax credit is the government […]

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Super Deduction scheme

What is the New 130% Super-Deduction Scheme and How Does it Work?

Since Covid-19 has adversely affected the UK’s economy with a drastic fall in business investment and growth. To counter these effects, the UK government has launched the new 130% Super Deduction Scheme to stimulate and promote business investment and growth for the economic revival. This scheme provides tax reliefs as a supplement to the capital

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take home pay uk

How Will my Take home Pay UK be Affected by IR35?

If you’re an independent contractor and want to save taxes, you should work through a limited company. This process tends to be productive for those contractors who’re considered to be outside the Intermediaries Legislation (IR35). On contrary, if you are caught inside IR35, most probably you’d be paying more taxes. Before discussing how take home

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Trading loss an corporation and income tax

Relief for Trading Losses on Corporation and Income Tax – FAQs

In a perfect world, business owners would all have healthy businesses that brought in steady profits. However, this is much easier said than done. Realistically, businesses will encounter problems that may lead to losses. These losses may be attributed to the business being very young to unexpected rises in the cost of materials and goods. 

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