Latest blogs for Specialisms

Maximise R&D Tax Relief Claims. With the ability to now claim 225% tax relief on eligible costs, those making such R&D claims will need no convincing of the merits of including as much as possible within the claim. Areas, often over-looked, where this claim can be increased include: Claiming relief on all reimbursed expenses paid…

New audit exemption rules for small companies and for subsidiaries The government has recently announced changes to company law that allow many companies and limited liability partnerships more choice in deciding whether to have a statutory audit. The changes apply to financial years ending on or after 1 October 2012. Who is affected? Broadly, there…

David Salmon

Horizon 2020:  EU funding for ‘disruptive‘ SME’s. As part of the Horizon 2020 programme, the EU is selecting potentially disruptive businesses to invest in and support. SMEs with a strong growth potential and the ambition to become world-market leaders could receive up to €2.5 million in funding. The commission is looking for high growth, highly innovative…

Jeannette Hume

Certain payments made by businesses on behalf of employees are tax free personally, so are useful for profit extraction and within flexible remuneration structures: Employer pension scheme contributions (up to £60,000 per employee per annum, plus potential ‘catch-up’ from previous 3 years. This assumes your personal income is not above £260,000 and you are not…