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Profit extraction for corporate owner managers

Menzies

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.

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Spring Statement: Pro-Innovation Tax System – Government must not retract their promise

Menzies

Menzies LLP - A leading chartered accountancy firm. Corporation Tax FROM APRIL 2023: HEADLINE RATE OF CORPORATION TAX INCREASING FROM 19% TO 25% This will affect companies with profits of £250,000 and over. Instead, things are shifting in the wrong direction.

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R&D Tax Relief Changes

Menzies

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80

Tax 59
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Finance Directors’ Tax Toolkit

Menzies

Menzies LLP - A leading chartered accountancy firm. Business Tax Tax returns and iXBRL tagging Completion of corporate tax returns and electronic tagging is a necessary but administrative burden and ensuring that the correct amount of tax is paid and that available tax reliefs are maximised can be a complex process.

Finance 52