Menzies

AUGUST 8, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC have introduced new rules for the submission of R&D tax relief claims. From 8 August 2023. What are the changes to making R&D tax relief claims? What is happening? When is this happening?

Tax 52

Tax chartered accountant Maine tax return 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. Losses are entitled to corporation tax credits by offsetting a trading loss against profits from gains from the same or previous periods, with remaining losses being available for offset in the future. Tax An LLP is not liable to tax, with partners taxed as individuals.

corporation tax 52

corporation tax income tax chartered accountant Legal 52

Menzies

AUGUST 1, 2023

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds.

corporation tax 52

corporation tax chartered accountant Tax Maine 52

Accounting Insight

AUGUST 9, 2023

Tax untangled – top tax Issues for 2023/24 Sharon Cook, Technical Director, 20:20 Innovation In this session, Sharon will will review two of the most topical and challenging changes in taxation that practitioners are grappling with right now: 1. You can view the full education programme here.

bookkeeping 52

bookkeeping accounting and finance Education chartered accountant 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. GAINING R&D KNOWLEDGE CAN BRING REWARDS FOR YOUR PROPERTY BUSINESS Relatively few surveyors claim research and development (R&D) tax relief, despite the fact that many activities meet the scheme’s eligibility criteria. depending on your tax rate from 1 April 2023).

Tax 52

Tax corporation tax chartered accountant Maine 52

Menzies

OCTOBER 21, 2022

Menzies LLP - A leading chartered accountancy firm. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime.

Tax 52

Tax chartered accountant Maine tax return 52

Menzies

MARCH 1, 2023

Menzies LLP - A leading chartered accountancy firm. The company pays corporation tax on its taxable profits (25% for companies with profits of £250k or more, from 1 April 2023), with the net profit left in the company’s reserves. The shareholders are then taxed on the distribution of the proceeds.

Legal 40

Legal chartered accountant corporation tax Tax 40

Menzies

NOVEMBER 3, 2023

Menzies LLP - A leading chartered accountancy firm. HMRC have recently introduced measures to combat fraud within R&D, including lowering the SME tax relief and increasing compliance requirements, as Ant Lalsing details in his article here. This might be if HMRC are targeting a group of companies at once.

tax return 52

tax return chartered accountant Tax corporation tax 52

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. For example, consider a company that has a corporation tax liability of £1 million for the 12-month period ending on 31 March 2024.

corporation tax 59

corporation tax accounting and finance Tax Finance 59

Menzies

MAY 19, 2023

Menzies LLP - A leading chartered accountancy firm. The UK tax system is designed in such way as to provide the taxpayer with important safeguards. To balance HMRC’s power to raise an assessment with protecting the taxpayer, specific time limits are imposed on HMRC to raise an assessment for a loss of tax.

Tax 52

Tax chartered accountant income tax corporation tax 52

Menzies

MARCH 6, 2023

Menzies LLP - A leading chartered accountancy firm. As a long term structure, a FIC is tax efficient since the corporate tax rates are smaller than an individual. Note that these are the top rates of tax for an individual.

Tax 52

Tax corporation tax chartered accountant Sales 52

Menzies

FEBRUARY 16, 2023

Menzies LLP - A leading chartered accountancy firm. With significant announcements usually reserved for the autumn budget, we are not expecting huge tax increases in the spring budget but nor are we expecting any tax cuts either. New tech The government closed the Help To Grow: Digital scheme in February 2023.

Technology 52

Technology chartered accountant income tax corporation tax 52

Menzies

NOVEMBER 9, 2023

Menzies LLP - A leading chartered accountancy firm. Reducing Corporation Tax Rate for SMEs: To alleviate the pressure faced by SME manufacturers due to rising costs and a constrained workforce, we recommend a reduction in the headline rate of corporation tax from 25%.

Manufacturing 52

Manufacturing chartered accountant corporation tax Tax 52

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

Technology 59

Technology Tax chartered accountant Maine 59