QUESTION: What does my business have to do to qualify for Research & Development tax relief and how is this tax relief given? ANSWER: The Government’s Research & Development tax relief incentive allows companies to claim additional tax savings on the research costs they incur.
QUESTION: What is the new “loan charge” legislation being brought in from April 2019? ANSWER: Over the past 20 years an industry has developed in the avoidance of PAYE and national insurance contributions.
QUESTION: Our first child was born recently and I have received information in relation to childcare vouchers and I note a new scheme, Tax Free Childcare, has commenced, but I can still register for the old scheme.
QUESTION: Should I pay myself a dividend from my family company or am I better paying myself a salary? ANSWER: As a shareholder in a company it is possible to take advantage of a number of tax planning opportunities which are not available to other business structures.