As agile working becomes more common, technology has had to adapt to ensure that employees can be productive, regardless of where they are physically located. Many potential new recruits expect some degree of agile working and the leading businesses have already started to adapt in order to appeal to the best candidates. Many firms have been rolling out smart devices, cloud based storage and cloud based printing in order to allow their people to work from anywhere.
R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.
“How do I grow my business?”
It can be a difficult question to answer. If you don’t know what kind of growth you’re aiming for, it seems like a vague concept. Do you want to increase your profits? Open a new office or store? Hire more employees?
In a bid to compete with Ireland’s 12.5% corporation tax rate, Enterprise Minister Arlene Foster has suggested lowering the rate to just 10%. According to Northern Ireland secretary Theresa Villiers, around 34,000 businesses will benefit when the power is devolved in April 2017.
With the news that HMRC may soon have powers to recover tax directly from your bank account, we offer some advice on keeping your tax bill to a minimum.