Tax Tips for SMEs

Tax Tip: Tax-Free Benefits

Consider whether your company can provide you or a key employee with the use of any assets that would be exempt from a charge to income tax as a Benefit-in-Kind. […]

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Tax Tip: R & D Tax Credit

Pick up an effective subsidy for your company’s R&D expenditure by claiming the R&D tax credit. You could be entitled to a cash refund from Revenue equal to 25% of […]

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Tax Tip: Profit Retention

Use the 12.5% rate of tax to strengthen your business by accumulating retained profits thereby creating an internal source of finance and reducing the business’s dependency on bank debt. One […]

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Tax Tip: Share Buy-Back

If you want to dispose of your shares in your company and don’t have a buyer, it may be possible for the company to purchase your shares and for you […]

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Tax Tip: A Tax Break for Key Staff

Incentivise your key technical staff by reducing their personal tax bills through a surrender of the company’s R&D credits. A company is able to incentivise its key employees by transferring […]

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Tax Tip: Knowledge Development Box

Reduce the 12.5% rate of tax where possible to 6.25% by making maximum use of the Knowledge Development Box The Knowledge Development Box (KDB) is a relief that applies to […]

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Tax Tip: Retirement Relief

Arranging to sell tax-exempt assets is always an attractive idea. If you are at least 55 years of age or are approaching this age you should bear in mind that […]

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Tax Tip: Start Up Relief

If you are starting a new business you may be able to claim a refund of tax that you paid in prior years under the Start Up Relief for Entrepreneurs […]

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