Innovation lies at the heart of every successful small and medium-sized enterprise (SME), driving growth and fostering competitive advantages in an ever-evolving market. However, many SMEs in the UK remain unaware of the significant financial support available to them through the government’s Research and Development (R&D) tax relief scheme. At The Tax Lead, Chartered Certified […]
R&D Tax Relief for SMEs Read More »
The UK’s Register of Overseas Entities (ROE) is a relatively recent development aimed at increasing transparency and combating illicit activities in property ownership. Introduced under the Economic Crime (Transparency and Enforcement) Act 2022, the ROE requires overseas entities owning or intending to own property in the UK to disclose their beneficial ownership details. This blog
Register of Overseas Entities in the UK: A Comprehensive Guide Read More »
The Enterprise Investment Scheme (EIS) is a UK government initiative designed to help companies raise up to £5 million per year (up to £12 million in total). By offering tax-efficient benefits to investors, EIS makes your business more attractive to potential backers while providing you with much-needed funding to scale. How Does EIS Work? EIS
Enterprise Investment Scheme (EIS): Boost Your Business Growth Read More »
Inheritance Tax (IHT) is a tax on the estate (property, money, and possessions) of someone who has passed away. Understanding how it works can help you plan effectively to minimise your tax liability. Here’s a basic guide for our clients: What is Inheritance Tax? Inheritance Tax is a tax on the value of an estate
A Brief Guide to UK Inheritance Tax Read More »
All UK except Scotland (see below) 2022/23 2023/24 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate for savings rate (applicable to savings income up to £5,000) 0% 0% Savings allowance (0% tax applies to the first part of savings income): Basic rate taxpayers £1,000 £1,000 Higher rate taxpayers
Income tax and capital gains tax There are two different deadlines depending on which procedure you follow: Internet filing – the time limit for filing a tax return is normally 31 January in the following year, thus, for example, the 2022/23 return should be filed by 31 January 2024 paper returns – have a deadline of 31 October,
Personal Tax returns and Payments Read More »
Starting your own business can be an exciting and rewarding venture, but it’s important to choose the right business structure to fit your needs. One of the most common legal forms of business is sole trading or self-employment. In this blog, we will explore the essentials in relation to Sole trading/self-employment, helping you make an
Sole trading or Self-employment Essentials: How to set things up Read More »
Starting a business is an exciting and rewarding journey, but it’s important to choose the right business structure for your needs. Self-employment and limited company structures are two common options that come with their own set of pros and cons, particularly from tax and legal perspectives. Here’s a brief rundown of each: Self-Employed Pros: Cons:
Self-Employed vs Limited Company: A Comparison of Tax and Legal Implications Read More »
The Tax Lead is proud to offer specialised accountancy services to charities and NFPs. We understand the unique financial challenges faced by these organisations, and we are dedicated in helping them achieve their goals and make a positive impact in their communities. We offer a wide range of financial management services, including budget planning, cash
Charities and NFPs Read More »
We understand the importance of effective financial management to the success of any marketing company or IT consultancy business. Our team is equipped to help you manage your finances and maximise your return on investment. We offer a wide range of financial management services, including budget planning, cash flow analysis, and tax planning alongside with
Financial Services, IT and Marketing Agencies Read More »
