JS (Jackson Stephen)’s Post

Some useful insight on the EMI incentive scheme by my colleague Ashleigh Barghuti below

Capital allowances are an important part of ensuring your business is set up tax efficiently and understanding which allowances are applicable to your specific situation is vital. AAT has helpfully compiled advice from some experienced accountants, including Sherwin Currid, in their latest blog post to help business owners discover the best way to maximise their profits. To read more please follow this link: https://lnkd.in/eJx7wnx4

Take a look at my article outlining the advantages and requirements of implementing a successful EMI scheme in your business: https://lnkd.in/e_QF3gWG Buzzacott Buzzacott Corporate Finance #valuation #emi #tax #employees #corporatefinance

We know that claims can be done better and so far we've helped plenty of businesses - ease the stress on your workload and use a trusted partner to get the job done alongside you with minimal fuss. Grantica #researchanddevelopment #taxcredit #taxcredits #ukbusinessowners #ukbusinesses #growth #cashflow #finance #entrepreneurs #ukbusinessgrowth #uktax #ukfinance

HMRC has recently started to issue letters to some companies asking them to check if they have overclaimed capital allowances. These letters are sent to encourage companies to review their Annual Investment Allowance (AIA) claims. If your company receives a letter, what does it mean? Find out more: #taxadvice #capitalallowances

HMRC are really clamping down on R&D tax relief. and it's a good thing. Plenty of business owners I speak to tell me they do the claims themselves or via an accountant, which is great. They also tell me they do a heck of a lot of the work themselves which takes hours & hours because you have to submit a technical report to prove the R&D as well as the financial stuff. Some also tell me they already work with an agent, yet still have to do most of the work. The clampdown is good because too many took advantage of the scheme. A trusted partner like Grantica makes claiming a less time consuming chore. WE write the report for you, WE collate the financials and we make it legally compliant with HMRC's new regulations, with minimal time given by the client. And our USP. We certify that claim. We use chartered professionals to look at that claim as if they were HMRC themselves. If they aren't happy with it, we'll do it again until it meets the threshold (in our opinion) to be successful. We love to help, so get in touch for a helping hand. (do feel free to email me on michael@grantica.io or call 07500664383) #researchanddevelopment #taxcredit #taxcredits #ukbusinessowners #ukbusinesses #growth #cashflow #finance #entrepreneurs #ukbusinessgrowth #uktax #ukfinance

As an accountant, you know GST is a cornerstone of the Australian tax system – but that doesn’t mean it’s straightforward. Whether it’s navigating GST on asset acquisitions or understanding the implications of deregistration, the complexities can easily cause headaches when advising clients. From the initial expenses of starting up, to the intricacies of asset management, right through to the final steps of closing shop – GST implications must always be considered. Recognising this, we're hosting a comprehensive online masterclass: The Lifecycle of GST. Presented by leading tax trainer, Jo-anne Hotston We'll be diving into practical case studies that mirror real-world scenarios you encounter daily. We'll unpack the GST considerations at each critical juncture of a business's journey, equipping you with the knowledge to confidently guide your clients. You'll also get 3 hours of CPD Jo-anne will cover: ✅Incurring expenses to start a business ✅Buying assets and a building, and using assets for both business and private purposes ✅Selling the business assets either before or after deregistration ✅Closing the business, consequences of deregistration. Session 1: Thursday, 10 October 2024, 12:30PM (AEDT) Session 2: Thursday, 17 October 2024, 12:30PM (AEDT) If you're interested, here's the link to register ➡️https://bit.ly/3MvgrCi #GSTMasterclass #AustralianGST #TaxAdvisors #GSTCompliance #GSTTraining #BusinessGST #AustralianTaxation #CPDForAccountants #ProfessionalDevelopment #AccountingSkills

Before preparing your business for sale or investment there are a range of financial and commercial factors that business owners, the Board, and management must first consider. Join Grant Thornton Corporate Finance Partner, Cameron Bacon, Corporate Tax Partner Avinesh Naidu and Audit & Assurance Partner Madina Aziz for a webinar on Tuesday 21 May, where they highlight some of these considerations and release a guidebook on the same topic. https://okt.to/wmlOgT #financialconsiderations #commercialconsiderations

Why do business owners often get their corporate structure wrong? Many business owners miss out on major advantages by skipping regular check-ins with their accountants. 📉 Growth, changes in focus, or planning an exit require structural adjustments for the best results. Recently, a long-time business owner realised—too late—that moving to a trust structure could have unlocked tax benefits during a sale. Takeaway: Schedule an annual meeting with your accountant to ensure your structure still aligns with your goals and maximises flexibility. #businessstrategy #taxplanning #corporatestructure #businessgrowth #accountingtips ---- Blackwattle Tax is a boutique tax advisory firm based in Sydney that specialises in providing personalised and expert tax solutions for individuals and businesses. We're here to make tax simple. Do you have a question or need some guidance?

Before the close of each accounting period (or financial year) for every owner-managed business, the directors/shareholders must review the below: 1️⃣ Does the business still qualify as a trade for CGT and IHT purposes? 2️⃣ Have there been any changes in the nature of the business activities? 3️⃣ Are there any future planning issues to consider? 4️⃣ Have cash balances built up to an excessive level, compared to the needs of the company? When it comes to accounting and tax matters, it is necessary to be PROACTIVE, and not REACTIVE. As a young, dynamic team of Chartered Tax Advisors, we ensure proactivity when it comes to tax planning. We can help on the above. Why do the above 4 points matter? The 'status' of the company potentially affects valuable tax reliefs, namely: • Business Asset Disposal Relief for capital gains tax • Business Property Relief for inheritance tax • Substantial Shareholding Exemption for corporation tax Trading status may also impact on the type of expenses that are allowed under the 'wholly and exclusively' rule, as well as what is reasonable in terms of remuneration levels. Elsewhere, a change in trading status may result in unrelieved losses. There is lots we can do to help owner-managed businesses reduce their tax burden significantly, eliminate risk and avoid unnecessary pitfalls. Ultimately, we assess your objectives and goals (both for the company and as shareholders) and help you achieve them tax-efficiently. 😎 ASWATAX #taxadvisory #taxplanning PS written by me. No AI. 😝