Research & Development
Tax credits are available for UK companies investing in innovation.
Many companies who are eligible to take advantage of this opportunity either do not know it exists or are not aware their activities qualify as Research & Development.
Streamline your accounting process
Tax credits are available for UK companies investing in innovation.
Many companies who are eligible to take advantage of this opportunity either do not know it exists or are not aware their activities qualify as Research & Development.
How It Works
We believe business owners and entrepreneurs should be able to concentrate on running their business without having to concern themselves with having to balance the books and worry about the tax implications of key business decisions!
- Free initial consultation1
- Pick your Plan2
- We deal with the Numbers.3
You run your business!
We try to make it as simple as 1, 2, 3…!
Income typeIncome type or teams |
Information required | |
|---|---|---|
| Employment income | ||
P60 (for all employments) | ||
P45 (for employments ceased part-way through the year) | ||
P11D statement of employment benefits (for all employments) | ||
P11D statement of employment benefits (for all employments) | ||
Taxable benefits | ||
Employee loan | ||
Company car | ||
Fuel benefit (if applicable) | ||
Living accommodation paid by employer | ||
| Self-Employment | ||
Details of income received during the tax year | ||
Details of expenditure incurred during the year | ||
Details of any capital assets acquired during the year (plant and machinery, motor vehicles, furniture. With a useful life of more than 2 years) | ||
| Partnership | ||
Details of your share of profits or losses for the tax year | ||
| Property trade | ||
Income received | ||
Breakdown of expenses incurred | ||
Details of mortgage interest payments made for the year | ||
| Sale of Capital Assets | ||
The following information would be required for any disposals made during the tax year | ||
Date of acquisition | ||
Acquisition costs | ||
Enhancement costs (property improvement / extension costs) | ||
Date of disposal | ||
Disposal proceeds | ||
Costs of disposal | ||
| Dividend income | ||
Details of any dividend income received during the tax year including company name and amount received | ||
Details of any dividend income received but reinvested including company name and amount reinvested | ||
| Interest income | ||
Details of total interest income received during the tax year | ||
| Foreign income received | ||
Foreign savings interest | ||
Dividends from foreign companies | ||
Income from land and property abroad | ||
Foreign life assurance gains | ||
Other overseas income and gains | ||
Unremitted income | ||
| Taxable state benefits received | ||
State Pension | ||
Jobseeker's Allowance | ||
Carer's Allowance | ||
Employment and Support Allowance (contribution based) | ||
Incapacity Benefit | ||
Bereavement Allowance | ||
Pensions paid by the Industrial Death Benefit scheme | ||
Widowed Parent's Allowance | ||
Widow's pension | ||
| Any other income received | ||
Any other income not detailed above | ||
Research & Development
Tax credits are available for UK companies investing in innovation.
Many companies who are eligible to take advantage of this opportunity either do not know it exists or are not aware their activities qualify as Research & Development.
Limited Companies
Companies have a number of statutory obligations to fulfil.
Please make sure you don't get caught out!
Sole Trader or Partnership
Your Self-Assessment Tax return needs to be submitted by 31 January.
Don't get caught out by the 'Payment on Account' system operated by HMRC!
Charities
Charities, CICs or other non-profit organisations.
Different types of companies have different statutory filing obligations.
Streamline your accounting process
The easiest way to keep your accounting records healthy is to use accounting software and link it directly to your business bank account.
This helps… A LOT!
How It Works
We try to make it as simple as 1, 2, 3…!
We believe business owners and entrepreneurs should be able to concentrate on running their business without having to concern themselves with having to balance the books and worry about the tax implications of key business decisions!
- Free initial consultation1
- Pick your Plan2
- We deal with the Numbers.3
You run your business!
We believe business owners and entrepreneurs should be able to concentrate on running their business without having to concern themselves with having to balance the books and worry about the tax implications of key business decisions!
- Free initial consultation1
- Pick your Plan2
- We deal with the Numbers.3
You run your business!