Managing your VAT

27.09.19 / Insight posted in Practical Guides

VAT is a significant cost to the charity sector. It is also regularly changing due to evolving rules in both the EU and the UK. This can affect how your charity generates its funding and carries out it various activities. Regularly reviewing your VAT affairs ensures risks are managed and all available opportunities are identified…

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Business investment relief

09.09.19 / Insight posted in Practical Guides

Most UK taxpayers are liable to pay UK income tax and capital gains tax on all of their worldwide income and gains as they arise. However, individuals who are resident but not domiciled in the UK can make a claim to be taxed on the remittance basis instead. This means they are taxed on all…

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Branch profits exemption

09.09.19 / Insight posted in Practical Guides

The basic rule of UK corporation tax is that a UK resident company is taxed on its worldwide profits wherever arising, including those of any foreign branches. Credit relief is then given against the UK corporation tax for the foreign tax paid on the profits of foreign branches.

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R&D tax credits

08.08.19 / Insight posted in Practical Guides

Research and development tax credits are a government initiative designed to reward UK businesses for investing in innovation. Despite there being so many qualifying activities, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that could be used to hire additional staff, invest in…

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R&D tax credits for agribusinesses

08.08.19 / Insight posted in Practical Guides

Research and development tax credits are a government initiative designed to reward UK businesses for investing in innovation. One of the most overlooked tax incentives in the UK agricultural industry, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that could be used to…

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Entrepreneurs’ relief

24.06.19 / Insight posted in Practical Guides

When an individual disposes of an asset at a gain, capital gains tax may be due. Ordinarily, for gains falling above the higher rate threshold this will be charged at a rate of 20%. However, if entrepreneurs’ relief (ER) is available, the rate will be reduced to 10%. ER is applicable where individuals or trustees…

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Research and development (R&D) tax credits scheme

11.04.19 / Insight posted in Practical Guides

The UK’s R&D tax credit regime is one of the most attractive in the world. Since its inception in 2000, the R&D tax relief scheme has had a significant impact on businesses engaging in innovative projects. The government’s ongoing drive to encourage businesses to invest in R&D has resulted in increased rates of tax relief…

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Employer Branding – attracting, recruiting and retaining employees

02.04.19 / Insight posted in Practical Guides

Employer branding is the process of promoting a company, or an organisation as the employer of choice to a desired group; one from which a company needs and wants to recruit and retain. The process facilitates the company’s ability in attracting, recruiting and retaining ideal employees, and supports the organisation’s business plan. If employer branding…

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Practical advice for architects

01.04.19 / Insight posted in Practical Guides

After two years of growth in the sector, many practices are approaching pre-recession staff levels. However, memories of the downturn remain fresh and there remains a good deal of uncertainty around the strength and length of recovery. Competition for work is greater than ever and clients continue to demand more for less, so both fees…

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Liquidation Toolkit – Directors’ Duties

29.03.19 / Insight posted in Practical Guides

Day-to-day management of a company is delegated to its directors by the shareholders. Directors are often confronted by difficult decisions that can have a dramatic effect on the business and its financial position. In certain circumstances, this can result in directors incurring personal liability for corporate debts should the company be subject to an insolvency…

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