Tag Archive: specialist tax

HMRC shows interest in R&D claims

Posted 23rd March 2021 at 12:18 pm

In recent weeks, HMRC have issued a number of informational letters to companies that have previously claimed R&D tax relief.   These letters advise companies to check that their previous R&D claims meet the Business, Energy and Industrial Strategy (BEIS) guidelines, and to amend any claims made in error.   The letter states that during compliance checks carried out by HMRC there have been particular issues with software claims, because the software claimed for does not create an advance in the field of software development. In addition there have been issues with claims that do not seek to make scientific... Read more

The E R Grove suite of services

Posted 26th January 2021 at 9:32 am

You may think of us as ‘just’ your accountant, but here at ER Grove we offer all kinds of different services that you might not be aware of. These are designed to complement each other, so adopting two or more of our services could save you a significant amount of time, and even money!   Accounts & Auditing Obviously you knew we did accounts, the clue is in our name, right?! But did you also know that we are Registered Auditors, authorised to carry out audit work by the Institute of Chartered Accountants in England and Wales (ICAEW) for a... Read more

Specialist Tax: Capitalise on your assets

Posted 29th June 2020 at 11:44 am

Over half of UK businesses will not have claimed their entitlement to Capital Allowances which could be worth hundreds of thousands of pounds. In this second of a series of specialist tax scheme blogs, we look at how you can claim capital allowances.   When can you claim capital allowances? You can claim capital allowances when you buy assets that you keep to use in your business. In most cases you can deduct the full cost of these items from your profits before tax using annual investment allowance (AIA). If you sell the item after claiming AIA you may need... Read more