Practical insight into cash flow, funding, financial reporting and the numbers that support better business decisions.
Revenue published new guidance on the provisions introduced in Finance Act 2018 regarding accelerated capital allowances for the provisions of…
Businesses which are not using the cash basis can claim capital allowances for capital items that are used in the…
There are special rules for the taxation of post-cessation receipts and post-cessation expenses. This article explains how, or if, post…
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep…
The 'badges of trade' tests, whilst not conclusive, are used by HMRC to help determine whether an activity is a…
According to HMRC’s published guidance there are special rules for the taxation of post-cessation receipts and expenses. These provisions apply…
HMRC has issued a new briefing paper on disguised remuneration charge on loans. Disguised remuneration schemes are tax avoidance arrangements…
Businesses can claim Capital Allowances tax relief for certain types of capital expenditure. For expenditure on plant and machinery that…
The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational issues if a trader's…
To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital…
The Annual Investment Allowance (AIA) was permanently set at £200,000 for all qualifying expenditure on or after 1 January 2016.…
It can be very difficult for small businesses to know what options are available when their customers owe them money.…
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