Research & Development Tax Credits – Update

by Best4business Team on 13 January 2012

Further to our article in January 2009 on Research & Development (R&D) Tax Credits (previous article), the Government has recently announced further improvements to the R&D tax credits relief that is available to most companies, to be included in the Finance Bill 2012. [click to continue…]

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iXBRL (In-Line eXtensible Business Reporting Language)

by Best4business Team on 20 October 2011

XBRL (eXtensible Business Reporting Language) was first introduced in 1998. Since then, there have been several versions and upgrades made, leading recently to the now increasingly widely used iXBRL (In-Line eXtensible Business Reporting Language). [click to continue…]

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Pensions and Inheritance Tax (IHT)

by Best4business Team on 26 September 2011

Building-up a pension fund has historically been viewed as a decent way to hedge against IHT as well as save for your retirement. [click to continue…]

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Auto-enrolment of Workplace Pensions

by Best4business Team on 26 September 2011

The Pensions Act 2008 has put into law several far-reaching reforms to the existing pension environment. One of the most important will require employers to automatically enrol [click to continue…]

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Financial Services Compensation Scheme – Update

by Best4business Team on 19 July 2011

As a result of changes in European law, the level of compensation that may be claimed under the Financial Services Compensation Scheme (FSCS) has increased from £50,000 to £85,000. This came into effect in January 2011.

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Payments on Termination of Employment (Redundancy)

by Best4business Team on 24 June 2011

Redundancy has a special legal meaning: broadly, there must be a reduced need for employees (whether directly or indirectly), which causes the termination of the employment.

In the case of genuine redundancy, whereby an employment is terminated by an unconnected employer, no alternative employment is offered, no misconduct has occurred, the employee has not found another employment, [click to continue…]

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Enterprise Investment Scheme (EIS) – Update

by Best4business Team on 17 April 2011

Many of you will have already come across this pre-existing scheme as an effective way of encouraging investment into small businesses in need to capital.

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Enterprise Zones

by Best4business Team on 31 March 2011

It was announced in the recent Budget that eleven local enterprise partnerships will be invited to come forward with proposals for enterprise zones: [click to continue…]

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Sponsorship of Canning Town FC

by Best4business Team on 30 March 2011

Best4business Accountants are very pleased to announce news of another new sponsorship deal with local football team Canning Town FC. [click to continue…]

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Increase in the standard rate of VAT

by Best4business Team on 14 January 2011

As you have no doubt already heard announced, the standard rate of VAT increased to 20%, from 4th January 2011.

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