Corporation tax is set to reduce to 19% with effect from 1 April 2017 but opportunities still remain to reduce and defer corporation tax liabilities. Here are some you may wish to consider. MAXIMISE CAPITAL ALLOWANCE The annual investment allowance (AIA) provides 100% tax relief for qualifying expenditure incurred up to a limit of £200,000 … Continue reading Year End Tax Planning Tips For Companies
Does your business have an innovative proposal that can successfully convert research and innovation into new and improved commercial products, processes and services? EU funds of around £40million are now available for Welsh businesses to aid in the process. Your project proposal should build on areas where Welsh businesses and research organisations have already established, … Continue reading Funding for Research and Innovation in Wales
Many companies are apparently still not aware of Research & Development (R&D) Tax Credits or what it could be worth to their Business. Yet for companies who use them, R & D tax credits usually become an important part of their overall financial position. So what is R & D expenditure? It relates to … Continue reading Research & Development Tax Credits: What could it be worth to your business?
Our free seminar on the research and development tax relief system and how it may benefit your business has gathered some interest online. Business News Wales have featured an article online, and the South Wales Argus have published an article in this weeks edition. For more information about the free seminar and to book your spot on this … Continue reading Coverage Of Green & Co Research & Development Seminar
Has your company spent money developing a new product or software? Have you made any advances in science and/or technology? If so you could be eligible for R&D uplift as high as 130% on your development expenses! Projects don’t have to succeed to claim. Green & Co Accountants and Tax Advisors are running a seminar … Continue reading Free Research & Development Seminar
More and more businesses are being encouraged to claim Research & Development (R&D) tax relief. Could you benefit? The R&D tax relief encourages companies to invest in new product development and helps them by reducing the amount of corporation tax they have to pay to HMRC on their profits. Around 15,000 UK companies claimed the … Continue reading Small Businesses Encouraged To Take Up R&D Relief
New and innovative products which will change how we conduct our lives are being thought up, it can seem, every day. It is products like these which keep the majority of businesses profitable, which is extremely important for maintaining an already fragile economy in the UK. HM Revenue & Customs tries to incentivise companies to … Continue reading Tax Advantages For Innovative Companies