“Resources” Here you’ll find our latest articles, insights and news.
Click on one of the specialist areas directly underneath to filter the articles for that topic. Here you’ll find our latest articles
Film, high-end TV, children’s TV and animation production companies will soon be able to claim an enhanced rate of audio-visual expenditure credit (AVEC) on their UK visual effects (VFX) costs. From 1 April 2025, companies will be able to claim an enhanced 39% rate of Audio Visual Expenditure Credit (AVEC) on their UK visual effects … Read More “COMING SOON! MORE TAX RELIEF FOR VISUAL EFFECTS” »
It’s now less than a year before the first tranche of sole traders and landlords move to a new reporting system for income tax as part of HMRC’s Making Tax Digital (MTD) programme. https://machinerylove.com/category/resources Making Tax Digital (MTD), which has already been rolled out for VAT, is intended to improve the accuracy of business records … Read More “GET READY FOR MAKING TAX DIGITAL FOR INCOME TAX” »
“EMPLOYMENT” In this article we share practical tips for mitigating the higher rate of employers’ national insurance contributions while still positioning your business for sustainable growth Most UK businesses now face an increased cost burden with the rise in employers’ national insurance contributions (NICs). This is leaving many wondering how best to manage higher costs … Read More “NAVIGATING THE HIGHER EMPLOYMENT COSTS” »
“MISTAKES” In many property renovations projects VAT is sometimes overlooked when the initial budgets and costings are being devised. This, however, can lead to costly repercussions further down the line… in some cases with the project costing up to 20% more than budgeted. “MISTAKES” BACKGROUND VAT in relation to property is very complex, and it’s no … Read More “COMMON VAT MISTAKES WITH PROPERTY RENOVATIONS” »
For those who may have missing NI years between 2006 and 2016 (to qualify for a full state pension), time is running out to plug the gaps. The deadline is 5 April 2025. “DEADLINE” BACKGROUND Back in April 2016, the introduction of the new state pension stipulated that people had to have 35 qualifying years … Read More “DEADLINE FOR BUYING NATIONAL INSURANCE YEARS” »
