As of 8 August 2023, all Research and Development (R&D) Tax Credit claims require the submission of an online Additional Information Form (AIF) providing supplementary… Read More »New R&D supplementary information form in effect

In the second quarter of 2023, overpayments on pension tax in the UK reached £56 million. This was an increase of nearly £8 million from… Read More »£56 million overpaid in pension tax

Introduced in 2014, Employee Ownership Trusts (EOTs) provide an attractive alternative to traditional business succession strategies, offering a series of unique benefits to businesses, their… Read More »The benefits of Employee Ownership Trusts

Accountants are often seen as guardians of tax and compliance. However, their expertise extends far beyond these areas. They can act as problem solvers, assisting… Read More »Eight ways your accountant can boost the success of your business

The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility has a taxable income exceeding… Read More »What you need to know about the High-Income Child Benefit charge and the upcoming changes

The Government recently named over 200 companies for failing to pay the national minimum wage (NMW). The list includes firms of all sizes and various… Read More »Why companies fail to pay the National Minimum Wage and how to avoid the same mistakes

The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider… Read More »HMRC sets its sights on SMEs over UK tax gap