Remove chartered accountant Remove corporation tax Remove Start-ups
article thumbnail

Spring Statement: Pro-Innovation Tax System – Government must not retract their promise

Menzies

Menzies LLP - A leading chartered accountancy firm. Corporation Tax FROM APRIL 2023: HEADLINE RATE OF CORPORATION TAX INCREASING FROM 19% TO 25% This will affect companies with profits of £250,000 and over. Instead, things are shifting in the wrong direction.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Autumn Budget 2024: Technology Sector Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. For this reason the Federation of Small Businesses has warned the Government that going about raising CGT in the wrong way could seriously impact plans to grow the UK economy as it may lead to business owners looking to take or start up their businesses overseas.

article thumbnail

R&D Tax Relief Changes

Menzies

Menzies LLP - A leading chartered accountancy firm. Research and Development (R&D) tax relief is a highly valuable relief to promote and reward attempts by companies to achieve advances in scientific or technological fields or appreciable improvements in associated processes. Tax saving increases by up to £2.80

Tax 59
article thumbnail

Finance Directors’ Tax Toolkit

Menzies

Menzies LLP - A leading chartered accountancy firm. Business Tax Tax returns and iXBRL tagging Completion of corporate tax returns and electronic tagging is a necessary but administrative burden and ensuring that the correct amount of tax is paid and that available tax reliefs are maximised can be a complex process.

Finance 52