March 2023 Budget

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…

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Roundtable with Small Business Commissioner

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…

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Changes to R&D Tax Credit from April 2023

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…

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