Updates from the Clayton & Brewill team.

Better access to R&D tax credits for small businesses

30th October, 2015

It is going to be easier for small businesses to get tax relief on their investment in research and development, after the government launched its ‘Making R&D Easier’ plan on 28 October. Yvonne Jackson of Nottingham chartered accountants Clayton & Brewill, explains. R&D tax credits can provide a very useful boost to innovative companies as… View Article

National Minimum Wage offenders named and shamed

30th October, 2015

The government has ‘named and shamed’ the latest round of companies that have been caught out for failing to pay their workers the national minimum wage. And it includes some household names, as Clayton & Brewill’s payroll specialist Julie Braithwaite explains. In October 2015, the government announced that 115 companies had failed to pay their workers… View Article

October client update from Long Eaton & Nottingham accountants Clayton & Brewill

16th October, 2015

The Clayton & Brewill October newsletter is now available to view online. This issue contains advice and articles for both business owners and individuals, including: Dividends vs salary – what’s the best option for business owners? Entrepreneurs’ Relief explained Planning for capital expenditure? Make the most of the Annual Investment Allowance Preparing for self-assessment Landlords: time to prepare… View Article

Workplace pensions – are you staging in early 2016?

14th October, 2015

If your pension auto-enrolment staging date is fast-approaching then you are not alone! Over 100,000 SMEs will ‘stage’ during the first quarter of 2016. Chloe Hughes, auto-enrolment and payroll specialist at Clayton & Brewill in Nottingham, shares some advice on how to meet the deadline. If you employ between 1 and 30 staff and have not yet reached… View Article

No more tax relief on purchases of goodwill

9th October, 2015

One of the less-publicised changes made by Chancellor George Osborne this Summer was the removal of tax relief on the purchase of “goodwill”. Clayton & Brewill’s Yvonne Jackson explains. “The removal of tax relief on goodwill was made with immediate effect from 8 July and affects anyone considering acquiring a business’s client list or existing contracts. “The… View Article

Entrepreneurs’ Relief explained

5th October, 2015

Entrepreneurs’ Relief is a tax relief available to those selling or gifting all or part of their business. It reduces the amount of capital gains tax to 10%, up to a lifetime limit of £10 million per individual. Clayton & Brewill’s Neil South (pictured) considers the main rules in respect of both family businesses and… View Article

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