Jackson Stephen Blog

This is where we air our opinions or pass on our thoughts and comments on occasion, when the mood takes us. Usually about business matters, it must be said.

The general idea is to disprove the notion that accountants say nothing at dinner parties! We have even been known to be amusing! Read on.

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​If your company has patents you could you be eligible for a lower Corporation Tax Rate!

If your company has patents you could you be eligible for a lower Corporation Tax Rate!

Our latest tax saving idea explores Patent Box Relief

Patent Box Tax Relief rewards UK companies that are driving innovation and developing new patented inventions. If a company is generating income from patented products or processes, it could be eligible for a lower effective CT rate of 10% on profits derived from those patents. This is just over half the normal tax rate.

As always, the key to successful tax planning is to seek advice as early as possible.

If you would like more information or would like to discuss your tax affairs in more detail please contact:

Steve Crompton
Lucy Williams CTA

#tax #accounting #innovation #taxplanning

20-Oct-2020

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20 Point UK Brexit Planning Checklist

There is still some uncertainty as to whether the UK or EU will agree a tariff free trade agreement. Either way UK business will face additional documentation for importing and exporting goods to the EU from 1 January 2021.

22-Oct-2020

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Five Ways to Stop Wasting Time Doing Accounting Approvals

Invoice approvals quite often fall into two categories:

21-Oct-2020

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Tax Savings Ideas – Idea No. 5 – Claim Research & Development Tax Reliefs

Each week we are sharing a series of tax saving ideas that are relevant to entrepreneurs, family businesses and owner-managed businesses.

13-Oct-2020

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Job Support Scheme expanded to firms required to close due to Covid restrictions

The government’s Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors as a result of coronavirus restrictions.

12-Oct-2020

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Check if you are eligible for the Coronavirus local lockdown restrictions support grant

The Local Restrictions Support Grant (LRSG) supports businesses that have been required to close due to temporary COVID-19 local lockdown restrictions.

06-Oct-2020

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Discretionary Funding

You may receive a grant of up to £1,500 at the discretion of your local council.

6-Oct-2020

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How do I claim the £1,000 Job Retention Bonus?

On Friday 2nd October the Government issued new guidance on how to claim the £1,000 Job Retention Bonus.

06-Oct-2020

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Tax Savings Ideas – Idea No. 4 - Companies holding too much cash – consider separation

Tax legislation favours shares held in trading companies over investment companies.

6-Oct-2020

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Tax Saving Idea No. 3 - Incorporation – consider trading through a limited company

Each week we are sharing a series of tax saving ideas that are relevant to entrepreneurs, family businesses and owner-managed businesses.

29-Sep-2020

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