In the UK, company size thresholds dictate various statutory requirements, such as financial reporting and audit obligations. These thresholds have remained unchanged since January 2016. It was proposed in March that these thresholds be reviewed as part of the...
R&D tax reliefs – known to many as very generous tax breaks given to companies that undertake qualifying research and development activities. For businesses, it’s a welcome benefit for undertaking the complex (and often costly) R&D work. Now, HMRC has...
In previous articles, we’ve looked at many of the reliefs available to mitigate inheritance tax. In this issue we provide a little more detail around the residential nil rate band (RNRB), the rules and restrictions, and how this relief works (and most importantly how...
If you’re an incorporated business or partnership, you’ll likely have heard the news about Companies House implementing a fee change, with effect from 1st May 2024. The changes relate to a wide array of fees payable, including those associated with your annual filing...
Are you a Sole Trader or Partnership? You will likely have heard that the Making Tax Digital scheme is coming into view from April 2026 and a key action step towards this is basis period reform. The financial year ended 5 April 2024 is now the Basis Period Reform...
The Spring Budget 2024 contained no flash surprises or big wins, particularly from a business perspective. Whilst there were a few golden nuggets here and there, for individuals especially, these ‘giveaways’ are really being overshadowed by the ever-increasing...