The Bounce Back Loan Scheme turned one year old this week. That means the initial 12-month repayment-free period has now come to an end, or will be ending imminently, and businesses will have to start making repayments on these loans.…
The Government has an ambitious target to raise total investment in research and development to 2.4% of UK GDP by 2027. R&D tax reliefs have a key role in incentivising this investment by reducing the costs of innovation. It is…
Scott Bebbington considers today's Company Insolvency Statistics for January to March 2021 and warns that now is the time for struggling businesses to take action. After corporate insolvencies fell to their lowest level since 1989 last year, they continue to…
On Thursday 22 April PKF-Francis Clark held its first event exploring the world of blockchain and cryptocurrencies as part of our ongoing conversations over coffee events. If you missed the event, then panic no further; you can catch up on…
Like the Sex Pistol’s gig in Penzance all those years ago I can see today’s Conversation over Coffee will be an event which people will claim to have attended even when they did not, such was the buzz around the event.…
As a member of PKF Francis Clark’s Food and Drink team I was particularly interested to hear of the launch of Fisheries and Seafood Scheme. This is a new grant scheme that “will provide £6.1 million over the next 12…
When the R&D tax credit system was first introduced for SMEs it included a PAYE / NIC liability cap – this meant that the repayable tax credit could not exceed the amount of PAYE / NIC paid by the company…
We are now in the 2021/22 UK tax year. This started on 6 April and runs until 5 April 2022. Self-employed individuals are assessed to income tax and national insurance on the profits shown by their accounts ending in this…
Last week the Government issued a consultation regarding the timing of tax payments and collection by HMRC. Please click here to view the document. It is worth noting in the consultation document that Para 4.59 specifically asks for responses on…
Wowzers, my latest ‘Current funding opportunities’ email from Innovate UK received earlier this week, had 15 themed competitions and reference to the ‘open’ (i.e. non themed) Smart Grants competition. Below I summarise the details of a few of the competitions…
