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SME’s missing out on balance interest
Small business owners could alleviate pressure on their cashflow by paying more attention to business savings interest, according to a report. Aldermore polled 950 SME owners and sole traders and found that 62% are earning no interest on their business savings at all. Over half (53%) are earning less than £300 a year in interest…
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R&D tax relief – what you need to know
A guide to the tax relief available to innovative SMEs. Research and development (R&D) tax relief for small companies provides an enhanced deduction for the costs of qualifying R&D projects. R&D tax relief for large companies is given as an expenditure credit in the company’s profit and loss account before the tax charge is…
