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| The tax rules for entertaining businesses are clear. Whether payment for lunch with a customer or tickets for a sporting event -- whatever the reason, with few exceptions, any cost incurred for entertaining is not an allowable expense for tax purposes. Read More... | |
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| The children are gone and there is an unoccupied 'spare' room. Apart from using the room as extra storage, renting it out is another option that can enable use of the space as well as bringing in some extra cash. Read More... | |
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| When the time comes to close a company the usual method by which this is done is via a process known as 'Striking off'. The procedure is an informal, voluntary way of closing a company which is no longer required either because the company has ceased trad Read More... | |
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| Q. I live in a semi-detached property and am in the process of purchasing my neighbor's property with the intention of converting the two houses into one. Therefore, the new property will be our main residence alongside our existing property as they will Read More... | |
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| 1 - Corporation Tax payment 31 January 2022 year-end All VAT-registered businesses must be signed up to Making Tax Digital (MTD). 6 - The 1.25% increase in NICs rates which has applied since 6 April 2022 is reversed. 7 - Electronic VAT return a Read More... | |
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| The Autumn Statement on 17 November 2022 contained several significant tax announcements, which we have summarised below. Read More... | |
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