Taxi’s Post

𝐒𝐮𝐩𝐞𝐫𝐜𝐡𝐚𝐫𝐠𝐞 𝐘𝐨𝐮𝐫 𝐒𝐭𝐚𝐫𝐭𝐮𝐩’𝐬 𝐑&𝐃 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐖𝐁𝐒𝐎 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞! If you’re a startup working on innovative projects, the 𝐖𝐁𝐒𝐎 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞 offers extra funding by allowing higher tax deductions on R&D costs. This can be a game-changer, especially if your costs are significant. 𝐇𝐨𝐰 𝐃𝐨𝐞𝐬 𝐈𝐭 𝐖𝐨𝐫𝐤? Under the regular WBSO scheme, companies can deduct 32% of R&D costs 𝐮𝐩 𝐭𝐨 €𝟑𝟓𝟎,𝟎𝟎𝟎, and startups can take this even further! With the 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞, you can 𝐝𝐞𝐝𝐮𝐜𝐭 𝟒𝟎% of your R&D expenses—an 8% higher rate. For example, with €350,000 in R&D costs, a regular company would deduct €112,000, but as a startup, you can deduct €140,000. That’s an additional €28,000 in savings! 𝐘𝐨𝐮’𝐫𝐞 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞 𝐢𝐟: • Your business is in its first three years • You’ve claimed WBSO for no more than two calendar years 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐇𝐨𝐰 𝐌𝐮𝐜𝐡 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐘𝐨𝐮 𝐂𝐚𝐧 𝐆𝐞𝐭? Try our WBSO Calculator to instantly estimate how much extra funding you can unlock for your R&D projects! https://lnkd.in/g-w6BVjt

Calling all entrepreneurs, small business owners & freelancers! It’s time to stop wasting precious billable hours on processing mobility tickets in your accounting. 🗣️ It’s also time to stop struggling with correct VAT rates. Instead, how about you … 💡 Recover more VAT than ever before? 💡 Save on your and your accountant’s valuable time? 💡 Get one monthly invoice that combines all mobility expenses? Soon, you’ll be able to do exactly that with Olympus Business Mobility. The app will be your answer to inefficient mobility management. 📲 Want to stay up to date about the exact launch date of Olympus Business Mobility? Sign up here 👉🏼 https://lnkd.in/eT6mRXEZ #Mobility #Entrepreneurs #MaaS

Some accountants are like that, but we promise that's not us 😎 🎉🎉𝐈𝐧𝐬𝐭𝐞𝐚𝐝 𝐨𝐟 𝐬𝐭𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐨𝐛𝐯𝐢𝐨𝐮𝐬 (𝐚𝐧𝐝 𝐜𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐲𝐨𝐮 𝐚 𝐟𝐨𝐫𝐭𝐮𝐧𝐞 𝐟𝐨𝐫 𝐢𝐭) 𝐥𝐢𝐤𝐞 "𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐰𝐞 𝐬𝐨𝐥𝐝 𝐥𝐞𝐬𝐬," 𝐰𝐞 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐚𝐧𝐬𝐰𝐞𝐫 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬: ➡️How much do you need to sell to break even? ➡️Are you charging the right amount for your products or services? ➡️What could you do to make your customers pay faster? ➡️How much inventory should you hold? ➡️How to reduce your cash conversion cycle ➡️Which customers and products are most profitable, and should you focus more on selling to them? ➡️Which customers and products are costing you money or not generating enough profit? ➡️Which areas of the business have potential cost-cutting opportunities? …and MANY MORE! We have helped hundreds of startups and small businesses eliminate the stress of managing their finances and taxes, and we can help you too! Reach out to us today to find out more 🙂 #perthaccountants #perthbusinesses #cpaaustralia #bookkeepers #smallbusinessaustralia #wanneroobusinesses #joondalupbusinesses #joondalup #wanneroo #perthlife #perthsmallbusinessowners #australianaccountants #australia #perthcity #perthgirlbosses #womeninbusiness

Looking to scale your business in Dubai? Our latest guide breaks down the financial strategies essential for both startups and established enterprises. Discover why Dubai is becoming the future hub for global entrepreneurs! Check it out: https://okt.to/uGPdOF

So many people new to business get caught out with this! If you're starting out in business, have a chat with an accountant about VAT registration. If you're not going to voluntarily register for VAT, get a system in place to track your 'rolling turnover' systematically!

Spring Budget 2024… Chancellor Jeremy Hunt unveiled a set of measures targeting support for small and medium-sized enterprises (SMEs) and startups. With a significant focus on helping struggling businesses, Hunt announced a £200 million extension of business rate support for SMEs. An increase in the VAT threshold has been announced, raised from £85,000 to £90,000. But will it have a big enough impact? The VAT threshold has been a topic of scrutiny for potentially discouraging businesses from growth due to its distortionary effects. Some experts propose a complete re-evaluation of the entire VAT structure! The Spring Budget 2024 aims to provide tangible support to SMEs during these challenging times… But what do you think? Let us know in the comments below.. #OnlineBusinessOwner #BusinessOwner #VirtualAssistant #BusinessCoach #BusinessLife #ServiceProvider #SocialMediaManager #UKBusiness #Outsourcing #AdminSupport #VirtualAssistantForHire #VirtualAssistantUK #RemoteAssistant #VirtualSupport #SmallBusinesSupport #AdministrativeAssistant #UK #Scotland #ScotlandBusiness #VirtualPA #VAServices #Bookkeeping #SpringBudget #SMEsupport #ChancellorUpdate

EIIS plays a valuable role in supporting SMEs – but challenges are not far away: The Employment and Investment Incentive Scheme (EIIS) can be a lifeline for early-stage businesses but it needs a simpler process

Securing funding for a new startup is one of the most critical steps in ensuring the success of a business venture. However, obtaining financing can often be challenging. For instance, traditional bank loans may not always be an option, or they might require security conditions like a personal guarantee. #StartUpLoans #BusinessFunding #Entrepreneurs

📚 𝟯 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗧𝗶𝗽𝘀 𝗬𝗼𝘂 𝗖𝗮𝗻 𝗨𝘀𝗲 𝗬𝗲𝗮𝗿 𝗥𝗼𝘂𝗻𝗱 📚 1️⃣ Keep a Running List of All Your Expenses – This will make tax time much easier. 2️⃣ Make a Budget and Stick to It – A well-planned budget is key to financial success. 3️⃣ Don’t Wait Until the End of the Year to Do Your Taxes – Start preparing now to avoid last-minute stress. 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝗮𝘁 📡WhatsApp: https://buff.ly/3IPjKmc 𝗖𝗮𝗹𝗹 /𝗪𝗵𝗮𝘁𝘀𝗮𝗽𝗽: +447413563382 𝗘𝗺𝗮𝗶𝗹: contact@snsaccountancy.com 𝗩[𝗶𝘀𝗶𝘁 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲 𝗮𝘁: https://lnkd.in/dRrQ8x6i #Bookkeeping #AccountingTips #SmallBusiness #Finance #TaxSeason #Budgeting #BusinessFinance #FinancialPlanning #BusinessGrowth #SNSAccountancy #MoneyManagement #FinancialAdvice #Entrepreneur #BusinessTips #TaxPreparation #BusinessStrategy #AccountingServices #Startups #SMB

If your revenue is under Dh3 million, you could qualify for a 3-year tax break under the UAE’s ‘Small Business Relief’ program! This relief could be a game-changer for startups and small businesses, providing much-needed support during growth phases. Interested in finding out if your business qualifies for this valuable exemption? Power of Two can help you navigate the process. Contact us today for personalized advice! 📞 +971 55 990 4971 🌐 buff.ly/4gnInp4 📧 info@poweroftwo.ae #SmallBusinessRelief #BusinessTax #BusinessGrowth #StartupSupport #PowerOfTwo