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Apr 2018Film tax relief
Film, Animation and TV tax relief are three reliefs that are part of the UK’s suite of creative industry tax reliefs. What is UK Film Tax Relief? · UK Film Tax Relief (FTR)is available for all British qualifying films of any budget level; the film production company can claim a payable cash rebate of up to 25% of UK qualifying expenditure. · The Tax Relief…
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Nov 2017What is SEIS and how it benefits the investors in your company?
The Seed Enterprise Investment Scheme (‘SEIS’) is designed to help small, early-stage companies to raise equity finance by offering a range of tax reliefs to individual investors who purchase new shares in those companies. SEIS was designed to boost economic growth in the UK by promoting new enterprise and entrepreneurship. It complements the existing Enterprise Investment Scheme (‘EIS’) which will continue to offer tax reliefs…
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Feb 2017Get your marketing right – part 2
Trying to grow your business by just pouring more time and money into marketing that is already ineffective will waste a great deal of your hard earned profits and precious time. You’re probably thinking: “But in order to get new customers I need leads, and in order to get leads I have to advertise… or at least do something!” However, in the majority of cases,…
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Feb 2017Get your marketing right – part 1
I constantly have clients asking me about how to come up with a marketing message strategy that works for their business. And honestly there’s no template for a marketing message strategy for all business. What you must consider is what elements work for you and your business. Marketing any business can be very tricky, especially if you don’t have the foundations laid properly. Marketing…
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Feb 2017Flat Rate Scheme changes – Limited Cost Traders
Among the measures relating to business taxation in Autumn Statement 2016, Philip Hammond announced a change to the VAT flat rate scheme. From April 2017 this could have significant effects on the tax liability of small businesses that currently make use of the scheme. Background to the FRS Under the FRS a set percentage, determined by the business trade sector, is applied to the VAT…
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Jan 2017Making Tax Digital – do your bookkeeping online
The digital revolution is not just something that’s just affected our personal lives – it’s also had a profound effect on the business world, with more and more businesses being run ‘virtually’ in the cloud and basing their financial systems around an online approach to doing business. And this move to digital finance is something that’s about to have a profound impact on how…
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Jun 2016R & D tax credits
Many business owners are either unaware of the potential benefits of R&D tax credits, mistakenly think they are difficult to qualify for, underestimate the potential benefits or simply don’t think the scheme will apply to their business. What Are R&D Tax Credits R&D tax credits enable companies that incur costs in developing new products, processes or services to receive a cash payment or tax deduction….
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Aug 2015What is Auto Enrolment
WHAT IS AUTOMATIC ENROLMENT Every employer with at least one member of staff now has new duties, including enrolling those who are eligible into a workplace pension scheme and contributing towards it. This is called automatic enrolment. Ideally, you should allow up to 12 months to prepare because automatic enrolment is your legal duty and if you don’t act you could be fined. If you…
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Aug 2014Flat Rate Scheme
VAT is the most complicated tax that a business has to deal with on a daily basis. Using standard VAT scheme, your VAT liability is the difference between the VAT you charge on your sales and the VAT you incur on your purchases. If your business predominantly sells to other VAT-registered businesses and the amount of VAT you recover on your purchases is fairly low,…
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Aug 2014Growth Vouchers programme
In January 2014, the government launched a programme to assist small businesses obtain professional advice. The programme will distribute vouchers to around 20,000 small businesses in England, mostly businesses who have never sought business advice before. The business help is delivered in the form of allocated Growth Vouchers, enabling businesses to receive up to 50% subsidy towards the cost of Businesses looking for advice can apply…