Remove chartered accountant Remove corporation tax Remove Maine
article thumbnail

Autumn Budget 2024 Commentary: Manufacturing

Menzies

Menzies LLP - A leading chartered accountancy firm. Main Initiatives Manufacturers operating in the following areas of specialism could stand to gain from specific initiatives: Committing £975 million in R&D funding for the aerospace sector over five years. A key theme of today’s budget was “Invest, Invest, Invest!”

article thumbnail

Navigating the New Year Slump: Mastering the Art of Cashflow for Hospitality Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. Cashflow is critical The main purpose of a business is generally the pursuit of profit, with business owners focusing on levels of turnover and profit and how these can be maximised. As sales dip after the festive season, maintaining cash flow becomes crucial.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Not for Profit Structures

Menzies

Menzies LLP - A leading chartered accountancy firm. To help, we have prepared a summary of the various vehicles that can be used, and their main features. Those registered as charities will be eligible for charitable tax reliefs, but otherwise these will be subject to the normal corporation tax rules.

article thumbnail

Autumn Budget 2024: Hospitality & Leisure Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. Their manifesto also stated that the full expensing capital allowance relief (100% tax deduction on the full cost of qualifying assets) would also remain, which is a useful relief for companies looking to invest heavily in their capital assets.

article thumbnail

Tax Considerations For Office Refurbishments

Menzies

Menzies LLP - A leading chartered accountancy firm. But they might be unaware that most of the cost of the refurbishment may be eligible for tax relief under the capital allowances regime. What’s in the Main pool? Claims made after this will have a greatly decreased return.

Tax 52
article thumbnail

Profit extraction for corporate owner managers

Menzies

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds.

article thumbnail

Timing is Everything: Elevate Your Retail Business with Smart Year-End Planning Strategies for Optimal Profits

Menzies

Menzies LLP - A leading chartered accountancy firm. When do I need to pay my corporation tax? Unless you are making high profits, most UK businesses pay their corporation tax 9 months and 1 day after their year-end. When does my cash position look the strongest? What time of year do I make the most profit?

Retail 59