CORONAVIRUS - CORPORATION TAX - 07.07.2020
Tax return following a delayed start to business
You formed a company in March with the intention of beginning trade immediately. However, this was delayed because of coronavirus. Do you need to notify HMRC and what effect will the delay have on the company’s tax returns?
REMUNERATION PLANNING - 07.07.2020
Restarting salary from your company
You’ve not drawn salary from your company for the last three months because its income was significantly reduced. It’s now improving and you’re restarting your salary next month. Is it worth paying yourself the arrears?
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?
CORPORATION TAX - 30.06.2020
How to cash in on trading losses
According to the Bank of England, the UK is facing the worst recession in 300 years so many companies will be making losses in 2020. If your company is one of them, how can you turn these losses into cash refunds?
RESEARCH & DEVELOPMENT - 25.06.2020
Increase to large company relief scheme
At the 2020 Budget the government announced its intention to increase its spending on research and development. What measure is effective from April 2020, which clients can benefit, and how can you best provide advice?
CORPORATION TAX - 25.06.2020
Intangible fixed assets: changes to regime
The 2020 Budget announced that intangible fixed assets acquired from 1 July 2020 will be taxed under a single regime. What does this mean for your clients, and will the changes really make the intangibles regime simpler?