CAPITAL ALLOWANCES - 21.10.2020
Capital or revenue expenditure - the tribunal decides
The First-tier Tribunal (FTT) recently ruled on a case involving one of HMRC’s favourite battlegrounds; whether an expense was capital or revenue. What was the outcome and why might it be significant for your business?
TAX - 01.10.2020
Rented premises - is your business missing out on tax relief?
You’re renting your firm’s premises on a short-term arrangement. You’ve spent a few thousand pounds on new fixtures. Your bookkeeper says you may not get a tax deduction for the expenditure. Why and what steps can you take to ensure that you do?
CAPITAL ALLOWANCES - 27.08.2020
Landlord clients and capital allowances
Capital allowances (CAs) are a complicated area, especially when it comes to property rental businesses. Contrary to a popular misconception, landlords can claim some CAs. What can you advise to ensure your clients don’t miss out?
TAX - COMPANY TAX - 07.07.2020
Selling company assets - minimising the tax cost
When the current financial troubles have settled you want to sell a few company assets to raise cash. You’re considering assets ranging from a van to an antique desk. Which should you sell for maximum tax efficiency?
CORONAVIRUS - TAX - 04.06.2020
Protecting your workers - tax relief on costs
Our subscriber is spending money on protective measures in preparation for his employees returning to work. He wants to know if there are any special measures to allow tax relief for these?
CAPITAL ALLOWANCES - 21.05.2020
Debunking clients’ preconceptions can lead to CAs savings
You believe a new client has substantial unclaimed capital allowances in respect of commercial premises. The client is convinced that these can’t be claimed due to previous poor advice and preconceptions. How can you help?