Accounting periods if company has two or more trades
A tax accounting period for Corporation Tax purposes cannot exceed a 12 month period. If company accounts cover less than…
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A tax accounting period for Corporation Tax purposes cannot exceed a 12 month period. If company accounts cover less than…
Annual investment allowance or writing down allowance? The way in which relief for capital expenditure is given depends on the…
Relief for trading losses In the event that a loss arises in a trade or profession, consideration should be given…
If you are an employee and use your own money to buy things you need for your job, you can…
Are You Thinking Of Expanding Your Service? You Have Come To The Right Place! Entrepreneurs thinking of expanding the business…
Any Christmas bonuses / gifts paid in cash to employees, by employers, are almost invariably taxable as earnings. This view…
The Construction Industry Scheme (CIS) comprises a set of special rules for tax and National Insurance for those working in…
The salaried member legislation can apply to certain members of a Limited Liability Partnership (LLP). This can happen where HMRC…
It is important to be aware of the main basic business structures available if you are considering starting a new…
There is a special scheme known as the enhanced capital allowances (ECA) scheme for energy-saving technologies. The ECA scheme enables…
All children in the UK have their own personal annual tax allowance. However, anti-avoidance laws prevent this allowance being utilised…
The transfer of a business as a going concern (TOGC) rules cover the VAT implications when a business is sold.…
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