What is a Company Annual Return?

What is a Company Annual Return?

Every UK company is required to file an Annual Return. This is not to be confused with the annual statutory accounts or annual corporation tax return. The Annual Return is a snapshot of the foundations of the Company at the made up date so it includes details such as: Company Name Registered Office Directors / … Read moreWhat is a Company Annual Return?

How to apply for advance assurance for SEIS / EIS

HOT OFF THE PRESS: We’ve just launched a brand new online course that shows you exactly how to complete and file your SEIS / EIS advance assurance application with HMRC. We walk you through every stage of filling out the form plus share some additional resources to help ensure a smoother passage through HMRC. Access … Read moreHow to apply for advance assurance for SEIS / EIS

R&D Tax Credits – Don’t miss your claim!

Statistics from HM Revenue & Customs suggest that less than 0.25% of UK companies are taking advantage of this fantastic Government incentive which can apply to all companies across all sectors. The R&D tax credit scheme has been in existence since 2000 and the tax relief available has got better and better year on year. … Read moreR&D Tax Credits – Don’t miss your claim!

SEIS | Need to know facts for startups

SEIS Need to know tips for startups from Business N2K on Vimeo. A short 5 min overview of the Seed EIS tax incentive and need to know facts and tips for startup founders. Remember, SEIS requires a subscription for shares – loans do not work. Look forward to your feedback and experience of using the … Read moreSEIS | Need to know facts for startups

Chat with Ian Sanders: Entrepreneur, Writer, Author, Ideas guy

Ian Sanders Chat from Business N2K on Vimeo. Here is a talk with Ian Sanders (entrepreneur, writer, published author and all round ideas guy) on business, entrepreneurship, story-telling, productivity, education and making it as a successful business in 2013. Please note that this talk was recorded back in Feb 2013 and is now released having … Read moreChat with Ian Sanders: Entrepreneur, Writer, Author, Ideas guy

R&D tax: 5 common misconceptions

I could probably give you 25 misconceptions that I hear on a daily basis but, for now, here are 5 common misconceptions regarding the UK R&D tax relief: “You need to have paid corporation tax to receive an R&D tax credit cash payment from HMRC” – wrong! HMRC will help you supplement your development costs … Read moreR&D tax: 5 common misconceptions

Think you’ve got SEIS tax relief – are you sure?

You think you’ve got SEIS tax relief – are you sure? from Business N2K on Vimeo. Seed Enterprise Investment Scheme (SEIS) is great when its structured right… Problem is the rules are fraught with technicalities and I am increasingly coming across entrepreneurs and startup founders who are ploughing on thinking they qualify for this attractive … Read moreThink you’ve got SEIS tax relief – are you sure?

What is SEIS?

SEIS: Startup term I wish I understood but was afraid to ask! Here is a brief overview of the Seed Enterprise Investment Scheme from a company founder’s perspective. Armed with more knowledge about this fantastic UK tax incentive aimed at start ups and early stage growth companies, hopefully we can get more impetus behind this government … Read moreWhat is SEIS?

Buy 10x more equipment and get 100% tax relief!

Not overly helpful to the majority of fast growing UK companies but the annual investment allowance for expenditure on machinery, equipment, furniture etc went up from £25,000 to £250,000 with effect from 1 January 2013.

This means that you could purchase (in theory!) £250,000 of laptops, tablets, desks, chairs etc in a financial year and receive a 100% tax deduction against your taxable profits.

So just imagine, you could splash out on:

and receive £250,000 tax relief!

Not very likely – but still, nice to know….

Watch out for financial accounting periods that straddle the 1 Jan 2013 introduction date as you’ll need to calculate how much qualifying spend is eligible under the ‘old’ £25,000 limit to 31 Dec 2012 and how much falls within the new much higher limit from 1 Jan 2013.

As ever, timing is everything!

(And no, cars do not qualify for relief under this Annual Investment Allowance (AIA) )

 

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HMV woes offers ray of light for smaller brave companies

With the grim news that high street giants like HMV are set to fall into administration (plus news that a further 140 retailers are on the critical list), it is easy to feel downbeat and despondent – yet I remain energised and optimistic for the future thanks to the small yet fast growing companies that … Read moreHMV woes offers ray of light for smaller brave companies