Corporation Tax Relief Claims for Incorporated Legal Practices
Specialists in Corporation Tax Relief Claims
For Legal Practices operating as a Limited Company
Many businesses operating as a limited company - including legal practices - assume that their accountants have made claims for tax relief, when they have not. You can now check out your entitlement at no cost to your business. You only pay a success fee of 10% on successful claims.
More than 90% of UK Commercial Property Owners will be due a Tax Benefit from HMRC as a result of unused capital allowances tax relief.
Unless you have had the premises surveyed and submitted a formal report to HMRC to support any claim, this will not have been recovered on your behalf. If you have not done that, please complete this self assessment.
If you potentially have a claim, the property survey will be conducted at no charge to you. You only pay a success fee if your claim is successful.
All commercial premises contain "embedded" plant and machinery. These include fixtures such as electrical, water, heating, security systems, sanitary systems and many more. The money spent on these "assets" may be written off for tax purposes.
Whilst most everyday purchases (such as computers, carpets, desks etc.) would usually have been claimed for, these more complex and significant items are often overlooked by Accountants because they don't have the information or the knowledge to deal with them.
Many UK businesses are undertaking activities that they don’t even realise fall into the category of "research and development".
Eligble R&D comes in many guises. In the services sector, there is a drive to redefine service delivery and to develop new service models where investment in technology to support new initiatives is critical.
This kind of investment can qualify for R&D Tax Credits andyour claim can take account of both the cost of the software and of time and servicesneeded to implement new solutions.
Developing & Implementing New Technology does not need to be "ground breaking" to be classifed as conducting qualified activities as defined by the Internal Revenue Code; and it is not just about the software itself, but also the activity involved in developing and implementing solutions.