Steve Livingston LLB FCA is the Founder of IP Tax Solutions. Having trained at Big 4 firm, KPMG, and progressed to Senior Manager, he was appointed as a Partner at a mid-tier global firm.
R&D Tax Credits
With so much change happening in the field of R&D tax credits relief, we have put together a useful summary timeline of changes and new rules that are currently on the horizon
Company Tax
This generous temporary capital allowance aimed at expenditure on computers, furniture, plant, machinery, vans etc is set to run out after 31 March 2023.
Strategy
Sage advice from seasoned VC, Michael Jackson: Here's Tom Loverro's thread (referenced above): Here's a link to the full thread: https://twitter.com/tomloverro/status/1620466827519496194
Personal Tax
The tax burden is about to get a lot worse for director / shareholders from 5 April 2023 onwards, so here we share some proactive tax planning ideas
Personal Tax
Don't be tempted to settle your personal tax self assessment bill due to HMRC from your own company's bank account.
Personal Tax
Directors loan accounts that are in credit provide a valuable tax planning opportunity, especially at a time of rising interest and corporation tax rates
R&D Tax Credits
For many years, the default option for the majority of SMEs has been to claim the R&D tax credit rebate rather than wait for potentially higher relief - will the new 25% corporation tax rate make a difference?
Company Tax
The main rate of corporation tax is set to rise from 19% to 25% with effect from 1 April 2023. Tax planning will be necessary to manage cashflow and mitigate the impact of the marginal rate of up to 26.5%
Innovation
"Innovation" was repeated 8 times by Rishi Sunak in his recent speech. A speech intended to galvanise the British public into building a better future. Rishi placed huge emphasis on driving: 1. Innovation 2. Creative thinking within businesses across the UK. But he was (very) light on detail as to
Innovation
In today's fast-paced, ever-changing business landscape, innovation is essential for companies that want to remain competitive and relevant. In this blog post, we will explore the importance of fostering a culture of innovation.
SEIS / EIS
The new Chancellor, Kwasi Kwarteng, clearly sees the benefit of the SEIS relief to help kick-start the UK economy as he announces further improvements to come into effect from April 2023
Budget News
We expected some tax cuts but I don't think any of us saw this coming... £45bn of tax cuts delivered in rapid-fire in today's (not so) Mini Budget
SEIS / EIS
A potential costly error for Founders of startups is to miss the technical point that SEIS shares must be issued before EIS shares
SEIS / EIS
Overview of current government tax reliefs available for ambitious growing UK company including S-EIS, R&D tax credits, Patent Box, EMI share options
SEIS / EIS
In this video we flag a potential issue for founders who are seeking funding under SEIS and may not be aware that the NIC Employment Allowance can impact on the max £150,000 amount that can be raised under SEIS
R&D Tax Credits
HM Revenue & Customs has introduced a further form that all companies must now complete and file when claiming either the R&D tax credit relief