A B P Accountants & Business Advisors

At ABP Accountants, we have a well-earned reputation for excellence in delivering high-quality accountancy advice to businesses of all sizes. Our expertise is particularly focused on supporting owner-managed and family-run businesses, where we understand the unique challenges and requirements that come with running a dynamic and growing company. Our team of experienced accountants has a deep understanding of current financial legislation and is dedicated to providing tailored solutions to help businesses achieve their goals and overcome the complex tax and accountancy challenges that they face.

Our Services

We offer a wide range of services designed to meet the specific needs of our clients. From accounts and tax services to auto-enrolment compliance and business advice, our expertise covers every aspect of business accounting and tax. Our accounts services include the preparation of annual accounts, company tax returns, and VAT returns, as well as management accounts and bookkeeping services. Our tax services include guidance on corporation tax, income tax, capital gains tax, and inheritance tax, as well as advice on tax reliefs and incentives. We also offer expert advice on auto-enrolment compliance, ensuring that our clients are fully compliant with the latest regulations and avoid penalties.

Tax Rates and Allowances

Staying up-to-date with the ever-changing tax landscape is a complex and time-consuming task. At ABP Accountants, we take care of this for our clients, providing access to the latest tax rates and allowances, as well as expert guidance on how to navigate the complex regulations that govern taxation in the UK. Our tax rates and allowances guide provides an overview of the key changes and updates, including capital allowances, corporation tax rates, and income tax rates and bands. Whether you're a small business or a medium-sized enterprise, our expertise will help you to stay ahead of the tax curve and ensure that you're fully compliant with the latest regulations.

Capital Allowances

Our capital allowances guide provides an overview of the key changes and updates to capital allowances in the UK. From 1 January 2016, the Annual Investment Allowance (AIA) cap has been reduced from 500,000 to 200,000, and expenditure within the AIA now qualifies for 100% allowance in the year of purchase. We also provide guidance on Main Rate Pool and Special Rate Pool writing-down allowances, as well as advice on how to claim enhanced deductions for expenditure on Research and Development (R&D) projects.

Corporation Tax

Our corporation tax rates and allowances guide provides an overview of the key changes and updates to corporation tax in the UK. From April 2015, the corporation tax rate has been aligned at 20%, and the rates for the three financial years to 31 March 2017 have been announced as 20% for the year beginning 1 April 2015, 20% for the year beginning 1 April 2016, and 19% for the year beginning 1 April 2017. We also provide guidance on how to claim enhanced deductions for expenditure on R&D projects and advice on the Research and Development Expenditure Credit (RDEC) scheme.

Research and Development Expenditure Credit (RDEC) Scheme

Our Research and Development Expenditure Credit (RDEC) scheme guide provides an overview of the key changes and updates to the RDEC scheme in the UK. The RDEC scheme is an 'above-the-line' tax credit that allows large companies to claim an 11% uplift on qualifying expenditure, including staffing costs, expenditure on externally provided workers, software and materials, and contributions to independent research. We also provide guidance on how to claim these credits and advice on how to ensure compliance with the latest regulations.

Enterprise Zones

Our Enterprise Zones guide provides an overview of the key changes and updates to Enterprise Zones in the UK. With around 46 Enterprise Zones established across the country, businesses that operate within these zones can claim 100% capital allowances on the equipment they use within the zone. We provide guidance on how to claim these allowances and advice on how to ensure compliance with the latest regulations.

Tax Rates and Allowances: Income Tax Rates and Bands

Our Income Tax Rates and Bands guide provides an overview of the key changes and updates to income tax rates and bands in the UK. From 2015/16 to 2016/17, income tax rates remain the same, with the exception of the savings rate, which is cut to 0% from 6 April 2015. We provide guidance on the income tax rates and bands that apply to different types of income, including earnings, dividends, and savings income.

Inheritance Tax

Our Inheritance Tax guide provides an overview of the key changes and updates to inheritance tax in the UK. The inheritance tax nil rate band remains frozen at 325,000 until April 2021, and the rates of inheritance tax payable on death remain unchanged at 40% or 36% where at least 10% of the net estate is left to charity. We provide guidance on how to claim these reductions and advice on how to ensure compliance with the latest regulations.