Are you missing out on a tax-free payment from the government? R&D tax credits allow you to offset the cost of R&D activity against your tax bill and also receive a cash lump sum on top. If your business is eligible, you could receive a payment from HMRC within 28 days of making a claim.
Archives for May 2020
Being a good accountant is not about having an aptitude for numbers or knowledge of tax legislation. It is about getting to know a client and their business so that you can give sound advice that adds value and supports their aims. The team at RfM Morecambe & Lancaster and RfM South Lakes are committed to this approach (which we call + more). Meet them here.
Back in April, the government announced financial support for the self-employed in the form of free, taxable grants to be paid in June. It is now time to check whether you are eligible to make a claim when applications for the Self-employment Income Support Scheme open from 13 May.
The latest of the government’s financial support initiatives is set to launch next Monday 4 May. The Coronavirus Bounce Back Loan Scheme will help small and medium-sized businesses to apply for loans of up to £50,000.