Research and Development (R&D) tax credits were introduced for Small and Medium Sized Enterprises (SMEs) in 2000 and for large companies in 2002. R&D credits are a Corporation Tax relief that were introduced to encourage innovation and enterprise within the UK economy. Small and Medium-sized Enterprises can claim R&D tax credits of 225% for expenditure … Continue readingPosted in Accountancy Advice, Corporation Tax | Comments Off on Research and Development (R&D) tax credits
Monthly Archives: January 2015
The three main business structures are sole trader, partnership and limited company. Each of these business structures entails a different decision making processes for the owner(s) of the business and determines how they can raise investments. The type of business structure you choose also determines the type of taxes you pay and specifies the time … Continue readingPosted in Accountancy Advice | Tagged Accountants, Business Start Ups, Business Structure | Comments Off on Choosing A Legal Structure For Your Business – Which Is Best?
Money runs the world, or so it is said, and good money management is key to financial success in both personal and business arenas. A good accountant can go a long way to helping you make the most of your money, saving on tax expenses and offering advice on how best to arrange your financial … Continue readingPosted in Accountancy Advice | Tagged Accountancy, Accountants, Book Keeping | Comments Off on Not just book keeping – the other services your accountant offers