Tax - Corporation tax

Recently added Tips & Advice

CORPORATION TAX - 01.05.2024

Loss restrictions after a change of ownership

Your client has an opportunity to acquire a company that has been loss-making for some time, with a view to reviving it. He wants to know if usage of the company’s losses will be restricted. What can you advise?
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CORPORATION TAX - 01.05.2024

Improving cash flow to help pay corporation tax bill

Last year produced a good profit with a correspondingly high tax bill. Conversely, the current year will show a small loss. This has left the company with insufficient funds to meet the tax bill. How might a change of accounting date help its finances?
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BUSINESS INCORPORATION - 30.04.2024

Incorporating your business - don’t forget the property tax

As a sole trader you can save income tax by transferring your business to a company, but this can trigger other taxes. While these can usually be negated, there’s one tax that’s often overlooked. What is it and can you avoid it?
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CAPITAL ALLOWANCES - 03.04.2024

Employers or employees - who gets tax relief for equipment?

Your company is kitting out its directors with new computers for their home offices. As inevitably there’ll be some private use of the equipment, how might this affect the tax position of the company and the director?
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VAT - 19.03.2024

Management charges between connected companies

One of your clients owns two companies and wishes to move profits between them. Another client has a holding company that wants to charge its trading subsidiaries for its services. What VAT issues must they consider before making management charges?
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R&D - 19.03.2024

R&D tax relief changes made clear

A number of changes to research and development tax relief will apply to companies for accounting periods beginning on or after 1 April 2024. Why are these changes being made, and why will your SME clients be particularly affected?
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Tax - Corporation tax

Most read Tips & Advice

VAT - 19.03.2024

Management charges between connected companies

One of your clients owns two companies and wishes to move profits between them. Another client has a holding company that wants to charge its trading subsidiaries for its services. What VAT issues must they consider before making management charges?
Read more

CORPORATION TAX - 03.04.2024

Improving cash flow to help pay corporation tax bill

Last year produced a good profit with a correspondingly high tax bill. Conversely, the current year will show a small loss. This has left the company with insufficient funds to meet the tax bill. How might a change of accounting date help its finances?
Read more

BUSINESS INCORPORATION - 30.04.2024

Incorporating your business - don’t forget the property tax

As a sole trader you can save income tax by transferring your business to a company, but this can trigger other taxes. While these can usually be negated, there’s one tax that’s often overlooked. What is it and can you avoid it?
Read more

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