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…
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…
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 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…
Landlords have been debating the question, “Should I incorporate” for years now. Back in 2017, the government began the phased introduction of restricting tax relief for residential property finance costs if you have earnings above the Basic Rate Tax Band (i.e. >£50,000). Before 2017 the single biggest tax allowable expense for most landlords was the…
Travel Expense Reimbursements Clients of our practice are likely to already be aware that we are fond of HMRC’s simplified expenses rules for travel, particularly given the Irish rates claimable for cross-border travel here between Northern Ireland the Republic of Ireland. However, a reminder last week from an HMRC case that went awry for an…
Some bad news announced this morning. Companies House have declared that effective from 1 May 2024, there is going to be an enormous increase to all of the administrative filing costs for UK companies. This comes on the back of a push from the UK government to heavily increase the admin involved in all company…
Budget time is upon us again. For a pre-election budget there was very little in the way of tax giveaways or movements to reduce the tax burden on UK businesses and taxpayers. Nonetheless, we have marked out some of the key points clients should be made aware of. Most changes are minor, but the…
Clients who have discussed tax planning with us will be aware that we frequently advise that certain industries are at much higher risk of HMRC activity than others. The industry which is consistently investigated more than any other is the food and hospitality sector – especially takeaways or businesses selling a mix of hot and…
There are many industries and fields where a business can expect to go through their entire career with perhaps one or two HMRC tax investigations at most. Unfortunately, as those who have been in the market for a long time will know this is certainly not the case for business owners in the Takeaway industry.…