What tax relief is available for opening year losses? Donna Cooper, accountant and tax agent at QuickRebates, unveils four possible options.
Launched in 1994 and 2012, EIS and SEIS have encouraged investors to back riskier businesses by providing access to income tax and capital gains tax relief, but now the much heralded funding method is on the decline.
Recent reports have identified a decline in investment in advertising technology companies over the last two years.
The government is set to implement a new diverted profits restriction tackling tax relief for corporate interest expenses and “reform the way that relief is provided for historic losses”, according to chancellor Philip Hammond.
Nearly every week we hear of a new corporate tax “scandal” as companies or individuals are exposed for evading or avoiding tax.
The world of business often has a tendency to come across as a rather hard-nosed sort of industry. Those outside of its boundaries can see businesses as elitist, uncaring, and only about one thing: making money.
The Seed Enterprise Investment Scheme (SEIS) has attracted a record number of applications from startups, as almost 3,000 young businesses embraced SEIS in 2014/15.
David Cameron has called SMEs the growth engines of the British economy, but he needs to set out plans on how to support each one, starting with tax benefits.
British business leaders were under the impression that the Annual Investment Allowance (AIA) would sit at just £25,000 in 2016, but George Osborne revealed during the Summer Budget 2015 it will actually be boosted to a permanent level of £200,000.
High street retailer Next has handed a £22.4m bill by HM Revenue & Customs (HMRC) after a court found it had avoided paying tax.
Mark Tighe, managing director of capital allowances specialists Catax Solutions, discusses what the Conservatives can do to ensure small business owners receive the tax relief each are owed.
With the Annual Investment Allowance scheduled to be dropped from £500,000 to £25,000 on the first day of 2016, companies in the UK are being encouraged to place orders for capital equipment now.