Post-cessation expenses – When and how are they allowable?
When an unincorporated business stops trading, accounts are prepared to the date of cessation. Where a limited company ceases trading,…
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When an unincorporated business stops trading, accounts are prepared to the date of cessation. Where a limited company ceases trading,…
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The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free…
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…
The profitability or earning capacity of a business may depend on one person or on a small number of people.…
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