Ridgefieldconsulting.co.uk

Now Open: Claim for Coronavirus Sick Pay Rebate

WebIf you are an employer then you need to meet the following requirements in order to be eligible to claim from the CSSPRS: Your business has fewer than 250 members of staff on the PAYE payroll on …

Actived: 1 days ago

URL: https://www.ridgefieldconsulting.co.uk/tax-guides/coronavirus-sick-pay/

What to do when your wellbeing and healthcare business is …

WebThis year we’re excited to be announcing our recent partnership with Foyht, an independent associated that provides comprehensive support to holistic therapists …

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HMRC's Approach to Biotech R&D Tax Credits

WebDespite facing more challenges, the Office of National Statistics (March 2018) provided headline figures on R&D growth and intensity. 4.3% and 1.67% rises …

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Explaining your audit report and the different audit opinions

WebOnly a registered auditor can carry out an audit report. These are professionally qualified accountants that specialise in audit and will be registered with a supervisory body such as the Institute of Chartered Accountants in England and Wales or the Association of Chartered Certified Accountants ().A majority of publicly listed …

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What are the 2023 R&D tax credits changes

WebFrom 1 April 2023 the rates of tax relief for SME R&D tax credits scheme will decrease, whilst the RDEC rates will increase: Profitable companies using the SME R&D …

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Why paying into a pension fund is so tax efficient

WebThe first advantage of paying into a pension is that you can extend your basic income tax threshold past £50,250 when you make pension contributions. It works by …

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What you need to know about the 2023 Spring Budget

WebMarch 16, 2023. Jeremy Hunt presented his first Spring Budget on 15 th March 2023. He was appointed as Chancellor on 14 th October 2022, where he quickly reversed almost …

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Tax on Benefits-In-Kind

WebThis means that, if it costs your employer £600 per year to provide you with gym membership and you are a basic rate taxpayer, you will need to pay 20% of £600 as …

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Enterprise Management Incentive Scheme (EMI) Accountants

WebAn Enterprise Management Incentive (EMI) scheme is one type of HMRC approved business share scheme. Approved schemes are ones which aim to support businesses grow by offering tax advantages, so long as eligibility requirements are met. The purpose of EMI schemes is to help businesses recruit and retain employees by offering them the …

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Claiming R&D Tax Credits: A Step-by-Step Guide

WebFor the SME R&D tax credit scheme it is calculated by multiplying your total allowable costs by 130% and then adding that to the original total allowable cost for a …

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EMI Share Scheme: Uncover the Tax Benefits

WebThe EMI tax benefits for employees: No income tax or National Insurance to pay when shares have been granted. Reduced capital gains tax rate of 10% on profits …

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Do I have to pay UK tax on my foreign income

WebSince April 2013, the Statutory Residency Test was introduced to provide definitive guidance on how to determine someone’s tax residency. There are three tests …

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UK tax guides written by expert Oxford accountants

WebWhat you’ll find in our Tax Guides: Answers to your frequently asked questions. Updates on the latest tax news which may affect you or your business. Resources to support you if …

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Understanding Making Tax Digital

WebThe changes planned for MTD are designed to improve the current processing of tax returns. Better use of information. There will no longer be a need to …

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Understanding Advance Assurance

WebAdvance Assurance (AA) is provisional confirmation from HMRC that the investment made into a company will be eligible for tax relief so long as all stipulations …

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What is a Company Tax Return

WebA company tax return is a completed CT600 form which is submitted to HMRC alongside a financial report and calculations in order to declare how much a company is …

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Accountants in Oxford

WebRidgefield Consulting - Henley 10 Station Road, Henley-on-Thames, Oxfordshire, RG9 1AY

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Year-End Adjustments Guide

WebThere are 5 different types of adjustments which are commonly made to the financial reports: Accrued income: Revenue that has been earned, but payment has not …

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10 Advantages of completing your tax return early

WebThe self-assessment tax return deadline falls on the 31 st of January every year, but if you file before the deadline date, then you can benefit from 10 advantages …

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Director's Salary vs Dividends: Which is Better

Web39.35% tax is applied to dividend payments of over £125,140. The allowance will reduce again for 2024/25 to £500. As you can see, it becomes clear that paying yourself through dividends is more tax efficient than paying yourself through a salary; however there are additional factors to consider when setting yourself a director’s salary.

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Notifiable vs Non-Notifiable Aid: What You Need to Know

WebNotifiable state aid is that which is governed by the European Commission (EC) to ensure fair competition prevails. It means that the government or grant-awarding …

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