Tax Relief and Incentives for Business

Investing in Business has rapidly grown over the past years, particularly with the rise in cloud based business solutions and ideas.

Therefore there is a growing amount of diverse finance, as opposed to the traditional loan from the bank. Examples of this would be crowd funding and peer to peer lending.

Crowd funding has taken a huge rise as of late, everything from business propositions all the way to a very recent one where the Neath Community need to raise £11,000 so they can have their Christmas Lights switched on. In fact, thanks to Crowd Funding they have now raised £16,500 so it really does show an online support for new businesses and incentives whatever they may be!

The good news is that actually if your new business meets specific requirements then you may also be entitled to help with business rates or tax relief for research or development. This is all thanks to the wonderful people at Business is Great.

So why not check out their links and see what you could be entitled too today:

• Business rate reliefs

  An overview on which properties are eligible for discounts on their business rates, and how to apply for these reliefs
  

• Enterprise Zones

  There are currently 24 Enterprise Zones across the UK and they support new businesses through a range of incentives
  

• The Seed Enterprise Investment Scheme (SEIS)

  This aims to encourage investment in small and early stage companies by reducing the risk to investors of investing in these types of companies
  

• Employment Allowance

  Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000.
  

• Annual Investment Allowance

  Currently stands at £500,000. How to claim, what is covered and how to calculate it
  

• Capital Allowances

  A tax relief designed to allow the cost of certain of your company or organisation's assets to be written off against its taxable profits
  

• Enterprise Investment Scheme

  Helps small companies raise finance by offering tax relief to investors who buy new shares in their companies. Check here to see if your business qualifies
  

• Venture Capital Trust (VCT) Scheme

  Designed to help smaller companies raise finance by offering a range of tax reliefs to investors who invest in VCTs, who in turn onward invest or lend to small and medium sized businesses
  

• Capital Gains Roll-over Relief

  You may be able to delay paying Capital Gains Tax if you either sell (‘dispose of’) some business assets or use all or part of the proceeds to buy new assets. This relief means you won’t pay any tax until you sell the new asset
  

• Research and development tax credits

  Small businesses can get 225 per cent tax relief on their research and development spending
  

• Patent Box

  Eenables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations.
  

• Social Investment Tax Relief

  This provides a range of income and capital gains tax reliefs which can be claimed by individual investors for investments they have made in social enterprises, with a view to helping people and communities. It is in place for investments made or capital gains arising in the period from 6 April 2014 to 5 April 2019
  

• Tax reliefs for the creative industries

  A group of five corporation tax reliefs that allow qualifying companies in the creative industries to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits
  

• Entrepreneur's Relief

  When an entrepreneur sells or closes their business, they need only pay ten per cent Capital Gains Tax on any qualifying profits
  
  
  
  (source: http://www.greatbusiness.gov.uk/tax-relief-and-incentives-for-businesses-and-investors/)
  

Lego Vs group interviews

I used to love Lego as a child, I could build an awesome tower using all the bricks out of the bucket fobbing off any of the instructions to build an airport or submarine as that was dull, no instead I'd make some Picasso style creation which in my eyes, was simply amazing and another bonus was how quickly you could swallow one and then end up in A&E (mine was within approximately thirty seconds, and it was a red specific brick).

Lego is still just as popular as it was back in my youth, I visited a friend who has a five year old boy and this young whippet had recently moved on from the big Lego bricks to the small ones (growing up you know) and I found myself losing all sense of time and reality working alongside him, then I suddenly thought; I have done this before in adult hood and no, I didn't choke on one.

Adult Lego

So where have I, as a fully fledged adult toyed with Lego before. I had this terrible flashback to when I was about 18 and I went for a interview for an established company (a'hem) which began with an initial "telephone interview", you know where they used to ask you:

"If you had an angry customer would you...1. punch them in the face, or 2. relax because remember, the customer is ALWAYS right

I was passed onto the secondary stages. However just to digress, how could anybody fail those interviews...the only thing I can think of is that a large amount of cats are applying for jobs, as they blatantly couldn't press the right button on the keypad. I look back now and it almost felt like I was going for the final stages of Britain's Got Talent, all for a call centre role on minimum wage and not forgetting the 24 hour, 7 day a week shifts I'd have to start forcing myself to go too.

Second stage

In I walk, all fresh faced and nervous about what was about to happen, and suddenly I find myself surrounded by other people whilst quickly being split into teams. This was new to me, and I did feel like I was enrolling to the Army. "Sit down and be quiet" squawked a particularly Alpha female manager, if she'd asked us to do ten sit ups...we probably would have done.

Then, said Lego was slammed by said Alpha female onto the table into our pathetic groups, with some straws. Our objective was to...well build something. There I am, as a mortified teenager suddenly realising I was never going to get this job as: A: I used to literally build towers and B: Swallow them so all in all, not good.

In the end

I look back and think who does this anymore in such an excruciating manner? Well tons still do, as I know a friend that went to a interview recently for a very well known shoe brand, and he was told, at the prime age of 39 to sit on the floor in a circle and in pairs, paint a picture to express how he "felt about the brand" needless to say he didn't stay. Though I did argue that at least they had glitter pens as well as paint so why not get creative? He didn't find that funny.

Yes, I've had other interviews that were excruciating, for example I was asked "how would you sell this pen" I mean come on...and I answered terribly as I started listing its qualities, like it was a fine wine but it wasn't, it was a bic.

Here at Data Clarity we don't do anything like that. We don't ask people to build Lego or to pretend they were dealing with a difficult person. Nope, because we actually want to learn about the persons history and soul, as that's all that matters to us - not if they can build a bridge with Lego. If the person wants to become part of the Data Clarity team then we'll happily have them on board for their personality as if the attitude is right, the rest can be taught. We'll always expand in the right way.

With Clarity365 you'll Be Able to get on with your Day - Try Us For Free!

Here at Clarity365 we know how busy you can be, and with that in mind we've spent the last three years developing this software, we love it and that's why we're offering you a free trial! check us out today, you won't be let down!

Managing Absence in the Workplace

How Clarity365 can improve attendance

Clarity365 collects absence data on individual employees, meaning managers can find out exactly how many days staff are taking off.
Clarity365 gathers information with great accuracy, removing all potential for disputes with staff. If they have an attendance issue, it will simply need to be addressed.
Managers will be able to quickly identify absence trends among their staff.
As a result, all of the time usually spent debating the validity of absence claims is eliminated. Counter-arguments such as "I came in late that day", or "I was at a conference" will no longer work. In the long term this method will ensure that both the staff and employees are structured within the workplace, and importantly won’t cause frustration within the workplace.

Opening up dialogue to tackle absence
Once dialogue is opened between manager and staff, the root issue of absence can be investigated and tackled properly.
It may be the case that employees are encountering personal issues at home, or they have an illness they do not want to disclose to senior members of the team.
A sensitive, diplomatic approach is then necessary from managers. Depending on the severity of the problem, it may be wise to sanction a period of leave for the person in question in order for them to return to work fully motivated.

Confidentiality
If the absence is a result of a personal issue, confidentiality is key. Staff may not want other members of the business to learn about the issue and it is vital to keep the information private.
Thanks to our software, businesses can identify when employees have worrying absence patterns, open up personal dialogue and improve their relationship with staff.

Self-service: more productivity!
In an age where businesses see new technologies constantly emerge, it is easy to dismiss trends as nothing more than novelty gimmicks.
If enterprise owners were to adopt every technology suggested to them, it is likely they would be left with no cash and an office overflowing with hardware and installation disks.
After all, smart glasses were meant to revolutionise all our lives in 2013, but the world seemingly declined the invitation to look like Robocop.
However, Clarity365 is a trend that is here to stay and really could have a positive impact on your workforce and your wallet. Rather than tasking employees with arranging absences, Clarity365 can do it for you, improving productivity and eliminating the tedius job of sorting through spreadsheets.