The government is concerned that many small companies are missing out on generous R&D tax credits. For the last year HMRC have been offering companies an advance assurance scheme to check whether or not their activities qualify before they make a claim. So far over 200 applications for advance assurance have been made. There is […]
What can we learn from Disrupriive Innovation
Disruptive innovation is a term, created by Clayton Christensen, to describe a new invention or product that alters its market. It typically refers to innovation that results in changes on a large scale. For example, the digital camera which replaced Kodak’s traditional film cameras or digital streaming services which have effectively replaced CDs as the […]
Have you declared your Overseas Income & Gains?
Where an individual is resident in the UK, he or she is generally taxable on worldwide income and gains whether or not it is brought back into the UK. Again, there can be significant interest and penalties on top of the unpaid tax if HMRC find out. HMRC now exchange information involving savings and investments […]
In the past, coaching was not offered as a benefit but mandated to those who were failing to achieve their workplace goals. The term “coaching” was synonymous with “remedial training” and carried an implication of failure. Fortunately, those days have passed and savvy business leaders and HR professionals have realised that coaching can be a […]
Have you declared all of your Credit Card Sales?
Where credit card sales have been omitted from business takings, HMRC are encouraging taxpayers to come forward and make a disclosure of the income that has been omitted to avoid incurring interest and penalties on top of the unpaid tax. As you may be aware HMRC now receive information from third parties such as banks […]
Flexibile working is here to stay…
The businesses that will thrive today and tomorrow are those that can be truly flexible. Businesses that are embracing flexible working can use it to help cut costs, attract talent and radically improve productivity. Technology has changed the way we communicate and it is currently changing the way we work. Gone are the days when […]
Splitting the new income of Married Couples
Where a married couple hold savings accounts and other investments in joint names, the income from those investments is split 50:50 for tax purposes, unless there is an election to allocate the income in accordance with their beneficial interests. This is particularly important where the couples’ marginal tax rates are different now that there are […]
Top Tips for Presenting!
Most of us will have to give a presentation at some point. You will probably use PowerPoint, which can be a good thing, if it is used correctly. Here are a few top tips. Engage your audience When it comes to delivering a presentation, your goal is to engage your audience. The presentation itself is […]
Christmas is Coming!! New rules for Gifts to Staff…
From 6 April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind, tax-free. The new rules are a simplification measure so that certain benefits in kind will not need to be reported to HMRC, as well as being tax free for the employee. There […]