Managing cash flow is difficult for businesses of any size, this is because the onus is usually put upon profit. But for small businesses, it can be even more pressing
Alongside the common misconception that Research & Development is only meant for the guys in the white coats, there is another which implies that to take advantage of R&D tax credits you must be profitable for it to be worthwhile.
As the giving season is on its way and many have already started present planning. We have answered your festive tax questions as it seems the tax man isn’t as generous as Santa.