Using pension funds in your business

How your pension savings can help finance your business As traditional loans fall out of favour with increasing numbers of business owners, you may be looking for an alternative route for financing – and your pension could be the answer. Data from the British Business Bank shows that in 2017 the number of small businesses[…]

Capital allowances for plant and machinery

How to minimise business tax in 2018/19 If there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates. Capital allowances provide the mechanism for tax[…]

From sole trader to a limited company

What to expect from incorporating your business With a new tax year almost upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company. There’s no denying that incorporating a business proved popular in 2017, with Companies House reporting a 7% rise in the number[…]

Business investments

Cautious Businesses Delaying Investments

Businesses are in no rush to make investments amid the ongoing uncertainty of Brexit, according to the Institute of Chartered Accountants in England and Wales (ICAEW). More than one in four businesses are delaying investment decisions as the government continues negotiations with the EU. As a result of their collective cautiousness, 61% of those firms[…]

Chartered Accountants

Patent Box

Reducing corporation tax due on patent income. The patent box regime applies a reduced rate of corporation tax to profits attributable to qualifying patents and similar intellectual property (IP). Unincorporated businesses can’t qualify for the patent box. The patent box tax rate has gradually been reduced to 10% since the introduction of the regime in[…]