From 1st April 2021, the amount of payable R&D tax credits a company can receive through the SME R&D Tax Relief scheme will be capped at 3 x the company’s total Pay As You Earn (PAYE) and National Insurance Contributions
Are your accountancy fees out of control? Are you worried about Making Tax Digital? Do you find the bookkeeping time consuming? Our new all inclusive service may offer the solution…
Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It will affect how businesses and other organisations; agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC.
Entrepreneurs relief reduces the amount of Capital Gains Tax paid on the disposal of all or part of a business, or shares in a personal company. Qualifying gains are taxable at 10% up to £10 million worth of lifetime gains.
Lucinda Davenport of Crowthers Chartered Accountants explains how businesses owners and individuals can prepare for the upcoming digital revolution of tax. In July 2017 the government announced a new initiative called Making Tax Digital, with the aim of modernising and