April 2023 will bring several significant changes to research and development (R&D) tax reliefs. Some businesses will find these changes positive. Whilst other changes can affect what income qualifies for R&D tax relief. Organisations need to ensure they remain compliant with new rules. Although Parliament is still considering these new measures, details of upcoming amendments […]

Most adults flirt with the possibility of creating their own business and becoming successful entrepreneurs. Although the pandemic may have paused this idea for many, new figures show that 13% of UK adults now run fledgling businesses. According to the research by The Global Entrepreneurship Monitor (GEM), this is the highest percentage since the late

As part of the new Health and Social Care levy, 2022-23 National Insurance (NI) and Dividend Tax rates have increased by a 1.25 percentage point as of 6 April. Many businesses are getting to grips with the added complications to the payments of National Insurance Contributions (NICs) and dividends. How have NICs changed because of

With the current economic climate of high inflation, global uncertainty, and the backdrop of war, financing a new business might seem a challenge. However, with planning, careful research and professional advice, you can find the right financial solution for you. If the traditional funding route is problematic, other forms of finance may also be a

Businesses often find it a challenge to keep costs down, particularly whilst inflation rates soar and the cost of utility bills dramatical rise. Designing an expense report will help track any business-related expenses that your employees incur, either through a company credit card or spending their funds. These expenses might include spending related to work

Don’t ignore the signs that your business is struggling. Losing a business is incredibly stressful, both for you and any employees who may lose their jobs. You have worked too long and too hard getting your business set up and putting your heart and soul into making it a success.  Equally, if you have a

Over the past two years, thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) before closing in September 2021. The scheme, involving five grant payments, was set up by the Government to support the self-employed, for example, sole traders, who met specific eligibility criteria. As HM Revenue & Customers (HMRC) looks to claw