by AJN Accountants | Apr 24, 2023 | Accounting, Advice, Financial Planning, News, Tax Planning
The Chancellor announced the extension of free childcare places to children under three years old in England to match the 15 or 30 hours of free childcare currently provided to three and four year olds in term time. The extra funding will only apply in England and...
by AJN Accountants | Apr 20, 2023 | Accounting, Financial Planning, News, Tax Planning
Ambitious entrepreneurs who want to attract investors can use two different schemes to provide the investor with income tax relief on the value subscribed for shares and capital gains tax relief on the disposal of those shares. These schemes are: the enterprise...
by AJN Accountants | Nov 21, 2022 | Advice, Business, Financial Planning, Tax Planning
Several investment schemes provide a basket of tax reliefs to individuals who are prepared to risk their money by subscribing for new shares in small trading companies. Two such schemes are the Enterprise Investment Scheme (EIS) and the similar Seed Enterprise...
by AJN Accountants | Nov 18, 2022 | Accounting, Advice, Financial Planning, Tax Planning
In last week’s Budget the Chancellor stunned his audience by announcing that both the basic rate of tax and the highest ‘additional’ rate would be reduced from 6 April 2023. Around 50% of taxpayers only pay tax at the basic rate and they will benefit...
by AJN Accountants | Sep 9, 2022 | Accounting, Advice, Financial Planning, Small Businesses, Tax Planning
Programming an electronic till to suppress the recording of sales amounts to tax evasion and HMRC can impose some serious penalties on retailers who do this. HMRC are initially seeking out the producers and promoters of electronic till software that can be used for...
by AJN Accountants | Sep 2, 2022 | Advice, Financial Planning, Small Businesses
Is your SME ready for 2035? The UK government’s Innovation Strategy is to turn the UK into a global innovation hub by 2035[1]. It has been shown that long-term growth innovation in technologies, production processes, supply chains, and business models determine...
