Personal tax
The outcomes of an earlier review by the government into mixed-use property purchases and multiple d...
By RJP LLP on 18 March 2024
research and development?
Are you involved in any form of research and development?
If you are then you could benefit from increased tax reliefs resulting in lower tax payments.
Are you involved in any sort of research and development?
Funding and tax relief for innovators and high tech companies
Here’s to the innovators – the creators – the inspired. The government recognises the input you make to the British economy and has gone some way in creating legislation that you will definitely want to hear more about.
R&D Tax credits can be such a huge benefit, you can’t afford to miss out.
Spend a £1 and get nearly 25% back in tax relief
R&D tax credits allow you to claim up to 230% relief against allowable costs and give your great ideas space to flourish. Using this tax relief, you can get back 24.7p as a reduction in corporation tax, or up to 18.85p as a cash lump sum for every £1 spent on qualifying R&D activity.
On average, SMEs achieve tax savings of approximately £53,714 per claim based on 2017/18 figures, which can of course run into hundreds of thousands over multiple years.
R&D Tax credits can be such a huge benefit, you can’t afford to miss out
If your company has adapted its business model and invested in new ways of operating to adjust to the ‘new normal’ this may qualify as innovation for R&D tax relief purposes and it is worth exploring whether this might be the case. One of the most commonly overlooked opportunities which frequently qualifies is the potential to claim for investment in the development of new IT systems to improve how your business operates. Claims can also be made retrospectively for any accounting period which ended within the last two years.
Intrigued? Take our 2 minute test to see if your company could qualify.
Business Services • Business Tax • Personal tax
In yet another blow to property investors, the 2024 Spring Budget heralded the end of tax advantages...
By RJP LLP on 18 March 2024
Business Services • Personal tax
‘Non doms’ - people who are resident in the UK but classified as non-UK domiciled for tax purpos...
By RJP LLP on 18 March 2024
I wanted to write and express our gratitude for your help and hard work in getting Probate through and settling all the taxes. I am so pleased that we selected RJP, as your professional help and updates throughout this process have been invaluable. If at any time in the future Probate assessment may be needed, you will be our first port of call. Once again, many thanks to the whole team.
Dan Cook, Probate clientI just wanted to drop you a short note to say how grateful I am for the support that RJP has provided over the past 4 weeks while our Financial Controller was away. I struggle to comprehend how much work your staff get through during their weekly visits and they are always a pleasure to have around the office.
I Evans, CFO, MoblicitiJust a quick e-mail from me to thank you for achieving the target for producing the draft accounts – it is very much appreciated and gives a first class impression of your firm. Many thanks.
J Stanfield, Chairman, BBS Actuaries LtdI would like to take this opportunity to thank you very much for the amazing job you have done navigating us through this whole process. My family and I also really appreciate the care and compassion demonstrated by you and your team in every dealing. Our thanks to everyone.
M Goldsmith, Probate ClientRJP provide our company with a complete service which takes the stress and strain away from the day to day running of our accounts! Their understanding of our business and their patience and advice is invaluable.
Outsourcing Client