Tom Spencer

💡 Wondering what’s deductible for corp tax? Dive into this article by our member Ross McKinley Accountants Ltd for the full breakdown! 💼🔍 https://lnkd.in/eh8jpX2m #TaxEfficiency #CorporationTax #TaxTips #UKBusiness #Finance #TaxStrategy #CorporateFinance #BusinessStrategy #FinancialPlanning #TaxSavings

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It’s not a coincidence that so many successful business owners amazing inter-personal skills… The ability to truly connect with and understand people on a deeper level is a skill that many successful business owners have mastered. Director and Head of Advisory at Nordens Chartered Accountants, Joe Sword, speaks about why is this can set apart those who succeed in business from those who fail? Are you looking to take your business to the next level and need some advice? Reach out to our expert team through the contact form in the comments! #businesstips #financetips #accountingadvice

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Tax incentive cuts could stifle business investment, warns Price Bailey MD, according to concerns highlighted in a recent survey conducted by the Association of Practising Accountants (APA) first reported in The Times last week.   Martin Clapson, Managing Director at Price Bailey and Chairman of the APA, an association that represents UK firms that advise over 14,000 owner-managed businesses across the country, urges government action to support entrepreneurial SMEs, warning that the withdrawal of tax incentives could deepen business reluctance to invest.   The reluctance of business owners to invest in significant capital projects has become increasingly entrenched, posing a risk to economic recovery if tax incentives are withdrawn in the forthcoming Autumn statement.   Read more in our article: https://lnkd.in/epp9FcpX 

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The IFA Magazine reports: "Survey identifies worsening cashflow for accountants and financial advisers" 👉 https://lnkd.in/e5-Nb2TH #premiumcredit #specialistlender #tax #fees #cashflow

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From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth. #RDTaxRelief #InnovationSupport #UKBusinessGrowth

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🌟 Capital Gains Tax: A Guide for UK Small Business Owners 🌟 Understanding Capital Gains Tax (CGT) is key when selling or transferring assets like property, shares, or equipment. Here’s what you need to know: ✅ CGT is a tax on the profit made from selling assets, not the total sale price. ✅ It applies when selling property, shares, or dissolving your business. ✅ Reduce CGT liability with Business Asset Disposal Relief, Rollover Relief, and offsetting capital losses. Planning ahead can save you tax! 💡 At Accounting Wise, we help small businesses navigate CGT and minimise tax. Read our full guide:https://zurl.co/DK30 📞 Need expert help? Call 0330 113 8442 or visit https://zurl.co/8yL5 #smallbusiness #taxplanning #CGT #accounting

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A positive outcome for Tasty plc and another great result for the FRP Advisory team demonstrating that a restructuring plan remains a viable option for mid-market businesses to restructure their finances and operations to avoid an insolvency process. If you’d like to understand more about restructuring plans please contact me, Phil Reynolds or your local FRP Advisory office. #frpadvisory #restructuring #businessrescue

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From April 2024, UK businesses can access enhanced R&D tax relief through the merged RDEC and new ERIS schemes. With generous deductions and credits for R&D-intensive projects, the schemes offer tailored support to fuel innovation and drive growth. #RDTaxRelief #InnovationSupport #UKBusinessGrowth

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📣 HUGE NEWS! 📣 A massive welcome to Gary Turner who has joined the board of directors at Mazuma Accountants . He needs no introduction, of course! 😃 We are NOT mucking about over here. 💥 We’ve got a business to build ourselves, and 6 million small businesses in the UK to provide with a good nights sleep, the time to go to school plays and summer holidays free from stressing about tax bills. It’s a serious business, but damn are we having fun doing it! 🤩 You can read the full story here 👇 https://lnkd.in/ePxzSEhS #business #technology #growth

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Autumn 2024 Budget Highlights for UK SMEs 📊 Chancellor Rachel Reeves’ Autumn 2024 Budget, presented on 30 October, brings impactful changes for UK businesses, focusing on fiscal stability and investment. Here’s a summary of key elements: No Rise in Key Taxes 🚫 Income Tax, VAT, and Corporation Tax (CT) rates remain steady, with CT capped at 25% for small profits. Full Expensing, Annual Investment Allowance, and R&D reliefs are maintained. Employers’ National Insurance Increase 💷 From April 2025, the rate rises to 15%, with the threshold lowering to £5,000. This change could affect salary structures and increase costs for employers, potentially encouraging a shift to contractor hiring. Enhanced Employment Allowance 💼 To offset National Insurance increases, Employment Allowance doubles to £10,500, benefiting smaller businesses. National Living Wage Increase 📈 Effective April 2025, the National Living Wage will increase by 6.7% to £12.21/hour. The National Minimum Wage also rises, with potential cost implications for employers. Capital Gains Tax (CGT) Adjustments 💰 CGT rates increase by up to 8 percentage points, with business disposal reliefs gradually rising through 2026, aimed at supporting entrepreneurship. Fuel Duty Frozen ⛽ No increase in Fuel Duty until March 2026, providing relief to businesses dependent on transportation. Stamp Duty Land Tax Changes 🏡 An increase to 5% for additional properties from 31 October 2024, designed to support primary homebuyers. This budget brings a blend of tax increases and relief measures, presenting both challenges and opportunities for UK SMEs. Business owners may need to adapt strategies to manage rising employment and operational costs while leveraging reliefs and allowances.

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