Steve Livingston LLB FCA is the Founder of IP Tax Solutions. Having trained at Big 4 firm, KPMG, and progressed to Senior Manager, he was appointed as a Partner at a mid-tier global firm.
HM Revenue & Customs has introduced a further form that all companies must now complete and file when claiming either the R&D tax credit relief
Here we focus on the key tax changes announced by Rishi Sunak in the March 2021 Budget Statement including corporation tax increase, the new Super deduction and other tax changes
As the cryptoasset market gets back into full swing in 2021 with Bitcoin hitting new all-time highs, the focus returns to how to approach taxes and tax planning for this emerging asset class
Too often in business we fall into the trap of short-term P&L thinking - worrying about costs and expenses rather than viewing them in the context of the longer-term investment value that they might bring to the business - this is the essence of 'Balance Sheet Thinking'
Many entrepreneurs are surprised when they see their child benefit being clawed back via Self Assessment -if only they could plan for it...
Although HMRC made a late change to waive the £100 penalty on late Self Assessment returns filed after 31 Jan, that's where the charity ended with no respite for due payments or enquiries
Here's a catch-up on some apps and software that we use in our modern tax & accountancy firm and that could (or should) be used in a savvy growth focused business
So you have made an investment into an SEIS company but you don't want to claim (all of) the income tax relief in the latest tax year - how do you carry it back?
A Uni spin-out purchased software to develop it to license out to customers. It intended to raise SEIS funding but its advance assurance application was rejected by HMRC under the excluded activities test.
