Thinking of Selling Your Business? Here’s Why Timing Matters If you’re a company owner planning to sell your business in the next couple of years, there’s a significant tax change on the horizon. From 6 April 2026, the rate of […]
Category: Business Advice
HMRC targets miscalculated corporation tax reliefs
Have You Received a Letter from HMRC About Corporation Tax Relief? HMRC is writing to companies it believes may have miscalculated their corporation tax relief under the marginal relief rules. These letters are part of a wider campaign to identify […]
Continuing Our Commitment to Glasgow’s Business Growth
We’re proud to be continuing our role in Phase 3 of Glasgow City Council’s Business Growth Programme, supporting Glasgow-based SMEs and Social Enterprises with expert financial consultancy. As a chartered accountancy and business advisory firm, we specialise in Business Financial […]
Changes to NIC Rates & Thresholds: What This Means for Your Business
Following the Autumn Budget in 2024, the new National Insurance (NI) changes are coming into effect from 6 April 2025. It’s important to understand how these adjustments will impact your business. Whether you’re a sole director of a limited company […]
The cost of incorporating a company increases
The fees associated with incorporating and maintaining a company will rise from 1 May 2024, due to an increase in charges from Companies House.
BUSINESS TAXES
Corporation tax rates The main rate of corporation tax will remain at 25% and the small profits rate will stay at 19% for the financial year starting 1 April 2025. Extending full expensing to leased assets Currently, leased assets are […]
Companies House reform brings tougher company checks
Companies House is introducing wide-ranging reforms. Directors need to get ready for the first tranche of measures.
Scottish Budget: Additional Announcements
Some other announcements worth sharing include: You can read our Scottish budget economic summary and Scottish budget tax announcements Get in touch today for expert accounting and tax advice.
Autumn Statement – 22 November 2023
Introduction Jeremy Hunt’s second Autumn Statement was set against a much less financially turbulent background than his first. However, politics still loomed large with a likely election in the next 12 months prompting calls for tax cuts from within the […]
economic update
overview The economic backdrop to the Autumn Statement was not as bad as might have been expected from a reading of the March 2023 projections by the Office for Budget Responsibility (OBR). In the spring, the OBR’s first Economic and […]
Autumn Statement: Business Taxes
Capital allowances: full expensing Full expensing, which was originally due to expire on 31 March 2026, is to be made permanent. This allows companies incurring qualifying expenditure on the provision of new plant and machinery to claim a 100% first-year […]
Fraud countermeasure drives R&D tax relief changes
The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure: companies must provide detailed information ahead of making their claim. HMRC figures show that nearly 20% of claims […]
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