Are you ready for the R&D tax credit reforms coming in 2023?

The Autumn Statement introduced changes to the Research and Development tax credit regime that will commence in April 2023. These changes will affect companies that carry out R&D activities and claim R&D Expenditure Credit (RDEC) or the R&D tax relief for small and medium (SME) sized companies.

The government has also announced its intention to open a consultation on the design of a simplified, single RDEC-like scheme for all businesses.

2022 Christmas gift ideas from the Swindells’ family

December is here, and that means the annual racking of brains for present ideas. This year we’ve compiled a few thoughts on potential gifts for your loved ones from within our own family of clients. We hope they spark your imagination…

The Autumn Statement: What has been announced?

The new Chancellor, Jeremy Hunt has made his Autumn statement and acknowledged that the UK is in recession and things will get worse before they get better. He has said that “We are not alone in facing these problems,” but the UK is responding to global problems with British solutions, a balanced path towards stability, however it means it taking difficult decisions.

The value of outsourcing

Most business owners find that they spend only a small percentage of their time on important strategic planning. A great deal of their effort is spent on the day to day running of the business.

Homeworking costs & tax implications for the self employed

Working from home has become more normal since the pandemic changed our working habits. Some of the costs of the home can be claimed against tax and in some cases, these costs may be considerable. Working from home may be an attractive option for some. Here we consider the tax implications of homeworking arrangements for the self employed.

New Chancellor Jeremy Hunt makes serious revisions to the mini budget

The government will reverse “almost all” tax measures announced as part of its mini budget. Plans to cut the basic rate of income tax to 19% have been shelved and support for energy bills scaled back, announced Jeremy Hunt this morning. This article will outline the changes in economic policy, what is staying, what is changing and what has been cancelled.