Auditing
R&D – The Basics
What is R&D Tax Credits R&D Tax Credits are a tax break put in place by the UK Government. They let you reclaim up to 33% of your R&D costs, even if your project failed. In practice, SMEs both profitable and Read more…
Auditing
VAT SCHEME
The most common area where mistakes are made is VAT as this is a very complex tax area: If you’re VAT registered, you have to charge VAT when you make taxable supplies. What qualifies and the VAT rate you Read more…
Offshore trusts
Benefits and pitfalls of offshore trusts
The new requirement to correct (RTC) penalties of up to 200% for offshore tax non- compliance matters came into full effect on 30 September 2018 when the official period of grace ended. However, taxpayers who had notified HMRC by then of Read more…