Archive
Updates from the Clayton & Brewill team.
Sparking a £50,000 R&D tax credit boost
Clayton & Brewill's Doug Perry explains how Heanor-based DB Brooks Electrical Engineers were able to secure £50,000 in R&D tax credits for ‘day-to-day’ innovation. Established in 1974, DB Brooks has evolved from working mainly in the animal feeds, flour milling, and grain handling sectors to become a fast-growing and innovative electrical engineering provider on a… View Article
Tax changes to hit small and accidental landlords hard
In the Summer Budget, the Chancellor announced that tax relief on buy to let finance costs will be reduced to 20%, meaning that many landlords will see their tax bills leap. Clayton & Brewill's Doug Perry and Dan Burnell explain the changes, including the removal of the wear & tear allowance. At the moment, buy… View Article
Half a million more SMEs hit by auto-enrolment than expected
The Pension Regulator is predicting that 1.8m small and micro businesses will have auto-enrolment duties – an increase of 500,000 on its previous estimate. The Pension Regulator, the body that is responsible for ensuring that all businesses comply with the new workplace pension rules, which are known as ‘auto-enrolment’, released its annual report earlier this month… View Article
HMRC warns of tax credit email scam
HMRC has warned that fraudsters are increasingly targeting tax credit claimants in the run-up to the 31 July tax credit renewals deadline. Claimants are being targeted with scam emails, fake websites and fake text messages. HMRC has shared statistics that show that over 50,000 fake emails were reported between April and July in 2014, more… View Article
Summer Budget 2015 – in full
This Budget Report was written immediately after the Chancellor delivered his Budget speech and offers a general overview of the main announcements. We have focused on the changes affecting private businesses and individuals and will be delving into the topics in more detail over the next few weeks. For help or advice on your individual… View Article
Summer Budget: key changes for SMEs
It's all change for SMEs after the Chancellor's emergency ‘Summer Budget’. The team at Nottingham chartered accountants Clayton & Brewill highlights some of the key changes and how they might affect business owners. As with every Budget, there will be winners and losers but, with tax and regulatory changes on so many different levels, this one-off Summer… View Article