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Corporate tax planning: what it is, why it matters, and how it can support your businessWritten on October 14, 2026 by Kirk Rice LLP
Key points: Proactive corporate tax planning integrates tax considerations into your commercial strategy, moving beyond simple year-end compliance. A holistic approach considers the full tax landscape, including Corporation Tax, VAT, employment taxes, and investment reliefs, to optimise your overall position. Regular reviews are essential to adapt your tax strategy to business growth, changes in legislation, […]
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Tax deductions for small business ownersWritten on June 30, 2026 by Kirk Rice LLP
Key points Understanding the tax deductions available to your business may help improve cash flow, reduce taxable profits, and support future investment. Capital allowances, pension contributions and everyday business expenses remain some of the most valuable areas to review. Eligibility depends on your business structure, the type of expenditure and the relevant tax rules. Accurate bookkeeping and proactive tax planning may […]
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5 Essential Tax Questions for Business OwnersWritten on June 4, 2026 by Alex Taylor
1. Capital Allowances – Annual Investment Allowance and Full Expensing All businesses have expenditure which is either revenue or capital in nature. Revenue is something that is immediately consumed such as a telephone bill. Capital items are where the business derives a benefit over several years. For instance, this could be the purchase of a […]
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R&D Tax Relief For SME’sWritten on May 16, 2026 by Gauhar Chaudhary
A long history servicing OMBs and SMEs has meant I hear this question a lot. Could you qualify for R&D tax relief? In short, maybe. R&D tax relief may be available where a company is seeking an advance in science or technology and has to overcome genuine technological uncertainty. In software, qualifying work can include […]
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How can overseas companies maximise R&D tax relief when setting up a UK subsidiary?Written on April 22, 2026 by Gauhar Chaudhary
Key Points: For accounting periods beginning on or after 1 April 2024, most businesses now claim under the merged R&D expenditure credit scheme. The UK subsidiary must usually be the company entitled to claim. It is not enough for the wider group to be carrying out innovative work elsewhere, the UK company must typically decide […]
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Changes to UK Business Tax Coming in 2026Written on December 16, 2025 by Kirk Rice LLP
Key UK business tax changes in 2026: Several confirmed business tax and compliance changes will come into force between 2026 and 2029, affecting planning, forecasting and cash flow for SMEs, start-ups and UK subsidiaries. Capital allowances are changing from 2026, with a lower writing down allowance but a new 40% first year allowance for certain […]
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Tax Issues for UK subsidiaries Financed by their Overseas Parents.Written on July 22, 2025 by Richard Somerville
Key Points Loan finance is commonly used by overseas parents to fund UK subsidiaries, as it offers flexibility and finance costs may be tax deductible. Loan finance costs are not always fully deductible, as UK transfer pricing rules may restrict deductions to terms that would apply between third parties. The Corporate Interest Restriction rules may […]
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Company Car – Should I Buy A Car Through My Business?Written on June 12, 2025 by Kirk Rice LLP
Company Cars Explained When your company buys a car and makes it available for your private use, even if it is also used for business, it is classed as a “Benefit in Kind” (BIK). This means you will be subject to personal tax on the value of that benefit, and your company would also have […]
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The Tax Implications Of Christmas Parties, Staff Gifts, and Trivial BenefitsWritten on November 19, 2024 by Kirk Rice LLP
Christmas Parties This question needs considering from two angles. The first is whether the cost would be an allowable expense for business tax purposes, the other being whether it would be a benefit taxable on the employees via their P11Ds. Whilst there is a “general rule” answer to both queries, there are several pitfalls to […]
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Company Cars For Family Members – What Are The Tax Implications?Written on November 6, 2014 by Kirk Rice LLP
Once upon a time many business owners had company cars and their companies would pay for all the fuel and running costs. This was a good perk for many people. However, the labour government introduced significant tax hikes on company vehicles to the point where it no longer made financial sense for people to have […]
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Corporate tax planning: what it is, why it matters, and how it can support your businessWritten on October 14, 2026 by Kirk Rice LLP
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Business Valuation – Where Do I Start?Written on October 2, 2026 by Kirk Rice LLP
