Tax Fact-Sheets

At Proactive Accounting we can advise companies in the Co. Antrim area about all aspects of corporation tax and corporation tax planning. Here is an introduction, but contact us for more advice. The corporation tax rate is currently 19% and there are no plans to reduce the rate in the future. Self assessment A company…

For many businesses the tax allowances available for business motoring is an important matter to consider. At Proactive Accounting, we can provide advice for your business in the Co. Antrim area. This factsheet focuses on the current tax position of business motoring, a core consideration of many businesses. The aim is to provide a clear…

Tax relief is available on certain capital expenditure in the form of capital allowances but the amount of these allowances can vary depending on the type of asset acquired. At Proactive Accounting, we can provide advice on maximising tax relief for capital expenditure for your business in the Co. Antrim area. Overview The cost of…

If your company is caught by the quarterly instalment payments rules, the first payment of corporation tax for a current accounting period will be before payment has been made for the previous accounting period. At Proactive Accounting, we can help check whether the regime may apply to your company and assist you to comply with…

Employers in the Co. Antrim area sometimes ask Proactive Accounting about classifying workers as employed or self employed – a surprisingly complex issue. Here is an overview of the key points. The question as to whether someone is employed or self employed is not as straightforward as it might at first appear. Many people assume…

Self-employed and working from home? Some of the costs of the home can be claimed against tax and, in some cases, these costs may be considerable. We set out types of costs that may be relieved here but at Proactive Accounting, we can advise on maximising the relief due to you if you live in the…

There are tax planning opportunities available to husband-and-wife businesses, but care needs to be taken. If you are in the Co. Antrim area, Proactive Accounting can guide you through the options. This article provides an overview… HM Revenue & Customs (HMRC) has shown great interest in businesses where both spouses are owners (either as shareholders…

We summarise what situations are caught by the special rules that apply to some personal service companies and the implications of the rules. At Proactive Accounting, we can help check whether the regime may apply to your company if you live or work in the Co. Antrim area. The ‘IR35’ rules are designed to prevent…

Research and development (R&D) by companies is being actively encouraged through a range of tax incentives including an increased deduction for R&D revenue spending and a payable R&D tax credit for companies not in profit. At Proactive Accounting, we can provide R&D advice for your company in the Co. Antrim area. Research and development (R&D)…

For those working in the construction industry, the compliance requirements of the Construction Industry Scheme needs to be coped with. At Proactive Accounting, we can assist you to comply with the onerous requirements of the Scheme for your business in the Co. Antrim area. The Construction Industry Scheme (CIS) sets out special rules for tax…