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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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?
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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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RAISING FINANCE - 05.03.2024
Take advantage of SEIS cash injection
Your company is relatively new and needs extra finance. You’re thinking about offering a Dragons’ Den type deal to outside investors. How can a tax incentive scheme help make your deal more attractive?
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INVESTMENTS - 20.02.2024
EIS - retrospectively reduce your tax bill
You want to make a tax-efficient investment and you’ve read that one which qualifies for the enterprise investment scheme (EIS) is a good option because it means you can reclaim tax you paid on 31 January. How does this work in practice?
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