Corporate Tax Planning
At RA Accountants, we look at the bigger picture before making any corporate tax planning recommendations. We will spend time with you getting to understand your business, your personal circumstances and your long-term goals. We will develop a tailored corporate tax planning strategy, that could include capital allowances, research and development reliefs as well as venture capital and staff incentive schemes.
Capital allowances are available for assets that you buy to use in your business. We will ensure that you claim tax relief, where appropriate, on your equipment, machinery, business vehicles etc.
Research & Development (R&D) Relief
You may be able to claim R&D Relief if your science and technology projects meet the required definitions. There is SME R&D tax relief for organisations with less than 500 employees and a turnover of under 100 million euros.
Venture Capital Schemes
There are a number of venture capital schemes that help SMEs obtain investment, by offering tax relief to people who buy shares, bonds or assets for a specific time, including the Seed Enterprise Investment Scheme and the Enterprise Investment Scheme.
- Seed Enterprise Investment Scheme (SEIS)
You can raise up to £150,000 of funds for your business through the Seed Enterprise Investment Scheme.
- Enterprise Investment Scheme (EIS)
The Enterprise Investment Scheme allows your company to raise up to £5 million each year up to a maximum of £12 million in the lifetime of your company,
Enterprise Management Incentives (EMIs)
To motivate and retain your teams you might like to offer them Enterprise Management Incentives. Provided your company has assets of £30 million or less, you may be able to grant your employees share options up to a maximum value of £250,000 within a three-year period.
A comprehensive tax planning strategy
Get in touch with the tax experts at RA Accountants for a complimentary online initial meeting to discuss your corporate tax requirements and to explore how we could help.