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Email: jon@proactive-accounting.com
As you may be aware, the UK government announced the Autumn Statement yesterday. There was very little in this of value to most small and medium sized businesses but there are a few points that are worth highlighting and being aware of. Minimum Wage Increase and Age Requirement For National Loving Wage Dropped Effective…
As of this week, the government have passed The Economic Crime and Corporate Transparency Act 2023. This bill aims to improve transparency and end the reputation the UK has built over the years as a laundromat for Russian money and international tax avoidance. Unfortunately the implications of cracking down on this activity means a steep…
One of the problems with the accountancy industry is traditionally that clients are obligated to take a lot on trust. Only an accountant is really capable of telling whether someone else is a good accountant, and for many business owners they have only the word of their current accountant to go on. This pattern tends…
As clients (who read our recent blogs or emails) will be aware HMRC are introducing a major revamp of the R&D rules for all claims submitted after 1 August 2023. This covers returns for all accounting periods beginning on or after 1 April 2023. As an additional trap, you can now no longer make retrospective…
Unfortunately, just when it appeared that HMRC’s services had reached absolute rock bottom, Jim O’Hara, the chief executive, has found new ways to slash the quality of the service. From June onwards taxpayers will no longer be able to speak to HMRC about any of their self assessment affairs for a period of three…
This week, Invest NI launched a new round of innovation vouchers. These are Vouchers worth up to £5,000 that can be used to pay for expertise from public sector knowledge providers such as Universities, Colleges, Technology Institutions or Research Organisations. The schedule of knowledge providers can be found here. Typical projects are: Help to…
The next call for Resource Efficiency Capital Grant (RECG) applications opens on Tuesday 4 April 2023, closing Tuesday 16 May at 17:00. The RECG provides Invest Northern Ireland customers with financial support for the installation of new equipment that delivers a reduction in raw materials, waste and/or water. This support enables businesses to achieve costs…
There have been some substantial changes in yesterday’s budget that you should be aware of. You can obviously find these summarized elsewhere on the internet, but we thought it would be helpful to highlight those changes we think are most significant to our clientbase. If you are a client with a SSAS, R&D work or…