Research and Development (R&D) Tax Relief

  Research and Development (R&D) Relief is a government incentive to reward companies undertaking R&D. It is a corporation tax relief that may reduce your tax bill or through a tax credit by way of a cash sum paid by …

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Making Tax Digital (MTD) – For VAT

    Making Tax Digital for VAT became mandatory for all VAT registered businesses from 1 April 2022 regardless of their turnover. This requires businesses to keep digital VAT records, and submit VAT returns using compliant software. Failure to do …

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National Insurance Changes in 2022/23

  What is National Insurance? National insurance is a tax on earnings and self-employed profits. National insurance contributions are paid into a fund and are used to pay benefits such as state pension, maternity pay and unemployment benefits. National insurance …

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Now is the time for tax planning!

  Do you leave your tax return to the last minute and dread the call to sort the paperwork?  If so this may be restricting your tax saving.  The self-assessment year end is fast approaching and now is the time …

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Apprenticeships- an option to consider

  National Apprenticeship Week Last week was National Apprenticeship Week, launched for the second year by the department of education in Northern Ireland, and celebrated across the UK. The week aimed to celebrate and promote the fantastic benefits that apprenticeships …

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Red Diesel Reform

  From 1 April 2022 many who use red diesel (rebated fuel) to power off-road vehicles and equipment will lose the entitlement and will have to instead use white diesel.     Changes to the Law The current law is …

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Statutory Sick Pay Rebate Scheme for Covid-19 – 2022

  The re-growth of our economy to pre covid-19 levels has recently been stifled with the introduction of the Omicron Covid-19 variant.  We have seen a significant rise in cases throughout Northern Ireland in recent weeks and this recent surge …

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Do you want to hit six zeros, with zero problems and zero targets?

A client once said to me years ago all businesses have the same struggles it’s just different zeros. They said when they started out they needed the next £1,000, while 5 years later it was £10,000 and then it was …

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2020/21 Self Assessment Deadline Approaches

The deadline for filing your Self Assessment tax return online and paying any outstanding tax liability, for the 2020/21 tax year, as well as any payment on account that may be due for the 2021/22 tax year is 31 January …

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How to Achieve your New Year Resolutions for your Business

How to Achieve Your New Year Resolutions for Your Business The beginning of a new year can symbolise a fresh start for your business. However setting resolutions for the New Year can be over whelming. As a business owner you …

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