Archives for All News

Is your company missing out on R&D tax credits?

Statistics from HMRC show that more companies than ever before are claiming tax relief for Research and Development. Newly released data shows the Government is estimating total claims of close to £5 billion for 2017/18 compared to just over £3.8 billion two years ago. However, only one per cent of active companies are claiming the relief, meaning many companies may be missing out on a valuable tax credit, and with 61% of the money being claimed by companies in London, the South East and East of England regions, firms in Stoke-on-Trent and across the West Midlands may not be claiming their
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October 2019 Newsletter

As we move into Autumn and the nights are drawing in we are pleased to present our October 2019 Newsletter.  In this edition we introduce some of our newer members to the team at Geens. Inside you will also find articles such as; Top-Earner Pensions Tax, Making Tax digital for VAT, Capital Gains on Property and Brexit for Employers. October 2019 Newsletter         
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U-turn on start date for construction industry reverse charge VAT welcome

HMRC has bowed to pressure and has announced a one-year delay to 2020 to the introduction of reverse charge VAT in the construction sector, due to be implemented next month after industry bodies and accounting specialists highlighted concerns about lack of preparation and the impact on businesses. We see this as a welcome move given that the evidence shows many firms were either unaware or unprepared for the move. A Federation of Master Builders (FMB) survey of around 8,000 SME construction firm members found that 69% were not aware of reverse charge VAT at all. Of those who were, 67%
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July 2019 Newsletter

Summer is finally here and we are pleased to present our July 2019 Newsletter. It contains articles on VAT: Building and Construction, Holiday Pay, Better Business Management: the farm, Your State Pension and Tax Return Special. July 2019 Newsletter
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Advice for investors as Woodford fund remains locked

Well-known stockpicker Neil Woodford’s flagship fund remains locked for investors, it has been confirmed. The extension, announced as the initial 28-day suspension expired, means investors will have to wait at least another month to withdraw their money. Investors in the Equity Income Fund have now not been able to access their money since 3 June, 2019. Withdrawals were frozen after rising numbers of investors asked for their money back. What can investors do? In short, nothing for now. Investors have no choice but to wait for the suspension to be lifted. At that point Mr Woodford is likely to make
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