The landscape of Research and Development tax incentives has changed significantly over recent times, with HMRC recommitting itself to reducing the loss in tax revenues due to fraudulent or erroneous claims (currently estimated at around £311m per year by the National Audit Office). HMRC has already taken steps to reduce […]
Tag Archives: Business Advisors Durham
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A common issue in business occurs when business owners don’t fully understand how profit their business is generating. The Importance of understanding profitability: Financing – Understanding business profitability is important as profits influence financing decisions such as obtaining loans from banks. Dividends– Profitability is also important when extracting dividends […]