In this second podcast on Research & Development Tax Reliefs, we cover who can claim this generous UK tax incentive.
The R&D tax relief is administered via the UK corporation tax regime so, in essence, if your company is required to file a UK corporation tax return (posh term - 'CT600'), then you are potentially within scope for this tax relief.
Other less common eligible examples include:
Sole traders and partnerships are not in of themselves eligible for the R&D tax incentive.
95% of readers will have a UK limited company which means that the door is more than likely open to claim R&D tax reliefs - just need to identify qualifying activities and costs.... (more on these matters in future episodes!).
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Tide is a new challenger bank that aims to offer hassle free banking with the potential to set up a business account online within just 5 minutes.
Here we chat to Dan from Tide on how this new offering might help fast growth companies including:
Get 3 months free banking by using the Partner Code: IPTAX
Or visit our partner link: https://www.tide.co/ip-tax-solutions
I can see this filling a gap, especially for startup companies looking to set up accounts quickly in anticipation of fundraising under say SEIS or EIS.
Also, on the face of it there looks to be little benefit in holding out for an account with a more traditional bank - especially given the added features that Tide offers (unless you anticipate a significant number of monthly transactions).
Check out the podcast below and let me know your thoughts...
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The final session in these series - here we look at some of the niggly points that you mustn't overlook when structuring tax efficient remuneration for UK director shareholders.
You can download the audio and subscribe via iTunes to get past episodes below:
Here we focus on the combined effect of income tax on dividends and corporation tax already suffered - and what this means for the overall net effective tax rate...
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In this video we dig deeper into tax strategies for using dividends as part of your overall remuneration mix as a UK Director shareholder.
Areas we cover include:
You can listen to the audio version below and subscribe via iTunes to pick up the entire series.
Here's video number four in which we dig a little deeper into the tax rates and allowances that apply to dividends:
You can access the audio and subscribe via iTunes below:
In this third video, we look at how the personal allowance and national insurance thresholds need to be considered when structuring the optimum salary for UK director shareholders in the tax year to 5 April 2018.
You can access the audio or subscribe via iTunes below:
This is the second video in a series that considers the options for UK director shareholders looking to plan their remuneration strategy for the 2017 - 2018 tax year to ensure that they don't overpay tax.
In this video we look at the the relevant thresholds for income tax and national insurance contribution purposes - and how they interact...
You can listen to the audio version here and subscribe to the series via iTunes:
Here is a kick-off video for a short series on Tax Efficient Remuneration Strategies for UK Director shareholders.
In this video we cover the fundamentals around:
You can download the audio version below and subscribe to the series on iTunes: