Tax Initiatives
Tax Initiatives
Here you will find explanations of the tax breaks, deferrals, and further assistance the Government has made available to your business.
TC Group will happily explain in detail what is available to your business and can help you to access these benefits. Contact us today to learn more.
Updates
Couples Inheritance Tax Thresholds
Just as you would regularly review your financial affairs, it is advisable to regularly give your Will a health check to make sure it still works for you and takes advantage of all available tax allowances. Our private client team has been working closely with our...
Government puts pressure on Banks to help Businesses
After a quiet few days for business announcements from the government, today the Business Secretary, Alok Sharma, addressed the nation, to give some much-needed optimism for businesses that are still struggling due to the limitations in the government’s support...
COVID-19 – Daily Update and Director Pay Review
Following on from yesterday’s update, Westminster was quiet again today on the business front, so there are no additional government updates today. Hopefully, by now, you are well on your way with your HR plan, funding solutions and other cash flow improvement...
R&D and how it can get cash into your business quickly
Research & Development (R&D) tax relief is an incentive available to UK limited companies which encourages investment in innovation. R&D tax credits can reduce a company’s tax liability and can be backdated for previous years so can result in significant...
HR Strategy / R&D Consultations
Our HR and Tax teams worked over the weekend to ensure our clients were able to plan and start executing their HR/Furlough strategies. If you haven’t already please contact the TC HR team to find out how we can help.
Tax Deferrals
Self Assessment Deferrals The self-assessment payments due this coming July will be deferred (but not waived) until January 2021; all Income Tax payable in July 2020 is deferred until 31 January 2021. VAT Payment Deferrals The next quarter of VAT payments will be...
Business Rates Retail Discount
The Government has implemented a 12-month business rates holiday for all shops, pubs, theatres, music venues, restaurants and any other hospitality or leisure business, which comes into place from April…
Round-Up Of The Week
We understand that this week has been an enormous challenge for businesses up and down the country, and we are committed to helping you through this challenging period…
COVID-19 – Your Top Priorities
TC Group remains on hand to help you through the challenges you are currently facing. Below are some of the priority areas we are working on for clients: Clarification on the Government Scheme to pay up 80% of staff wages CJRS – and the implications on your payroll...