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Tax Efficiency Is Part Of A Board’s Duty To Shareholders.

September 15, 2014 12:19 pm / Leave a comment

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by Greville Warwick

It is the case that we see a lot of Large and Small companies whose directors and advisers seem unaware of the availability and value of research and development tax credits and patent box. These two schemes to assist companies are actively encouraged by agencies of Government to stimulate innovation, research and development at all times.

Companies qualify, but remain unaware of qualifying criteria, which are quite simple: you must be a UK registered entity (Ltd or Plc) and a going concern for the periods claimed. If you can tick these two boxes, contact us.

mcs-corporate.com

Time for Tax Credits

June 6, 2014 5:00 am / Leave a comment

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HM Revenue and Customs (HMRC) is sending out 5.8 million tax credits renewals packs which will arrive by 30 June. Over 3 million of these claims need to be renewed before the deadline for claimants to continue receiving tax credits. Last year some 650,000 claimants had their money stopped because they did not renew by the 31 July deadline.

Claimants must tell HMRC about any changes to their circumstances that they haven’t already reported, including changes to working hours, childcare costs and income, or if a partner has moved in.

Full information about renewing tax credits: ow.ly/xyPtg

 

HMRC 3rd June 2014