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What are Research and Development Tax Credits?

Research and Development Tax Credits are tax breaks provided by the Government to promote innovation within Companies. A company’s corporation tax liability can be reduced by a percentage of expenditure on R&D. R&D expenditure is often dismissed as there is no lab at the company’s premises, no white coated employees… read more


Changes for landlords of residential property

Interest relief on mortgages for buy to let properties Over three years from April 2017 the way landlords receive tax relief on their mortgage or loan interest will change. Landlords will no longer be able to deduct their mortgage interest relief from rental income before calculating their tax… read more


An SME’s guide to making the most of Peterborough’s growth

We’ve seen a lot in the news recently about the growth of Peterborough – whether that’s a growth in business confidence, new businesses relocating to the city or professionals moving to Peterborough as an ‘affordable commuter city’. With growth there comes a mixture of opportunities and challenges. It’s… read more


Tax free dividend allowance from April 2016

From April 2016 there are changes to the way dividends are taxed. The dividend allowance means you will not pay tax on the first £5,000 of dividend income, no matter what non-dividend income you have. Dividends received from Pension funds and ISA continue to be tax free. Currently… read more


The Summer Budget 8 July 2015

Chancellor George Osbourne delivered the first purely Conservative government budget in more than 18 years today aimed at encouraging work and discouraging those who wish to live on benefits or avoid tax. Welfare reforms announced should save £12 billion by 2019/20 including a reduction in the benefits cap… read more


Profit from VAT = Oxymoron!

We have added Profit from VAT to the long list of these verbal puzzles that we use in the office, our other favourites are ‘definitely maybe’, ‘random order’, ‘original copy’ and ’virtual reality’! The Flat Rate Scheme for VAT is available to businesses that have a taxable turnover of less… read more


Growing a Business

All businesses need to grow on the basis that if they’re not growing they’re declining because to remain stationary is effectively going backwards in the world of commerce. Therefore you must keep growing to survive. So how do you stimulate and manage that growth to keep the business… read more


Christmas is a time for giving

The bible tells us that Joseph and Mary went to Bethlehem to be registered as part of a census.  Caesar Augustus ordered that everyone be registered so that so he could ensure that he maximised his tax revenues.  This coupled with the gifts of gold, frankincense and myrrh… read more


Autumn Statement 2014

The Chancellor appeared very pleased with himself as he announced that this government’s long term economic plans have delivered stability and security during tough economic times and as a result the UK has grown faster than any other economy in the G7. Promises to back business and enterprise,… read more


Pension Changes: What do the headlines actually mean?

There have been many headlines recently about the changes to the access and death benefits of Defined Contribution Pensions from April 2015. This however, can be misleading and also confusing as the headlines offer only a caption of the reality. We therefore thought it would be useful to… read more