Tel: 07712 856364
Email: jon@proactive-accounting.com
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…
Proactive recently attended a meeting with the UK’s small business commissioner; which should be available on the ACCA and UK Business Commissioner websites soon. Overall a helpful meeting, although we were unsurprised to learn that HMRC and most of the government sector were extremely unaware of most of the challenges and realities of operating…
Now that the dust has settled, let’s take a look at the relevant parts of the budget for small businesses. National Insurance The National Insurance increase of 1.25% on both employee and employer’s contributions has been reversed effective from April 2023. Dividend Tax The Dividend tax increase of 1.25% has also been reversed, the…
HMRC are continuing their crackdown on the R&D Tax Credit scheme, with new rules taking effect in April 2023. The stated goals of these changes are: To Modernise the regime by extending the relief To refocus the incentives on UK-based R&D To improve compliance by deterring fraud and errors Resolve design flaws of current rules…
Under pressure from their members our professional bodies have finally broke their silence on HMRC’s poor service. All of the major accounting regulators have issued a full letter to HMRC calling the organization out over the absolute collapse in their service levels since 2020. “We are under considerable pressure from our members to demonstrate…
Following on from our blog post last week about relief available in the Budget Stormont have announced a new batch of Rates Grants, mostly based around your business’ eligibility for the last few grants scheme and the NAV/rateable value of your premises. We will try to jog your memory about which of the confusingly named scheme…
In line with yesterday’s budget there are a few things that everyone should be aware of. We’ve done our best to keep this as brief and easy to read as possible, there are ample guides elsewhere which can summarize the budget in more technical language. Most of the information thus far comes from the chancellors…
The Limited Company Director’s Support Scheme £3,500 Taxable Grant To be eligible for the scheme you (the Director) must meet all of the following criteria: You are a Northern Ireland Resident. You are a Person with Significant Control (PSC) for the company/companies* listed in your application (i.e. you hold more than 25% of shares in…
Has your business been ordered to shut or operating at minimal capacity due to increased Covid-19 restrictions within Northern Ireland? You can apply for the Coronavirus Localised Restriction Support Scheme. Initial guidance from the rates office was that you did not need to apply for this if you received prior rates grants, but following discussions…