Tag Archives: accountancy firm newcastle

Claiming R&D Tax Relief? Be careful how you use Coronavirus financial support

R&D tax relief

R&D tax relief for SMEs is so generous that it is considered to be a Notified State Aid by the European Commission.   The problem is that much of the financial support brought in by the Government for businesses during the Coronavirus pandemic is also considered to be Notified State […]

Company cars and private use

company car

The deadline for submission of forms P11D and P11D(b) to HMRC advising of benefits in kind provided to employees, is 7 July 2021. Employers need to look at this now, particularly as the provision of company cars and furlough may provide problems. A benefit in kind tax charge arises where […]

Corporation tax losses as a result of Covid-19?

tax loss

Is your company expecting to make a loss as a result of the global pandemic?   If so, you may be interested to learn that HMRC has recently updated its guidance relating to repayment of corporation tax based on anticipated losses.   Tax repayments are possible where surplus losses made […]

North East Accountant of the Year Appointed as Director

Nick Wilson

A NEW director has been appointed to help lead a North East accountancy firm as it sets its sights on becoming a leading business development and coaching provider, aiding businesses throughout the Covid-19 pandemic. Nick Wilson, 28, from Blyth, who holds the title of North East Accountant of the Year, […]

Self Assessment Payment due 31 July 2020 – should you pay it?

income tax

Many of our clients are receiving Self Assessment Statements advising them that the payment due on 31 July 2020 does not have to be made by the due date. As a COVID-19 measure, H M Revenue & Customs announced that they will not charge interest and penalties on non-payment of […]