Depreciation versus capital allowances
Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at…
Practical insight into cash flow, funding, financial reporting and the numbers that support better business decisions.
Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at…
In setting up a trade it is inevitable that expenses will be incurred before the trade actually commences. Expenses may…
The end of a business will not necessarily mean that no further expenses are incurred. Where expenses are incurred after…
Business rates, rather than council tax, are charged on most non-domestic properties, such as shops, offices, warehouses, pubs, factories, guest…
There are two different ways in which accounts can be prepared – the cash basis and the accruals basis. The…
Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals or guest houses. However, if…
The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end…
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However,…
In a partnership, profits and losses are shared between the partners in accordance with the profit sharing ratio. This may…
The Annual Investment Allowance will now remain at £1 million permanently rather than reverting to £200,000 from 1 April 2023.…
To help businesses that suffered losses during the Covid-19 pandemic, temporary measures were introduced to increase the period for which…
It will not always be apparent when a hobby tips over into a trade and the point at which you…
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