by Best4business Team on 10 June 2009
Charged at 40%, inheritance tax (IHT) should be considered by any individual that has a net positive value in what they own in the UK (their UK Estate). Broadly-speaking, an individual’s Estate is worked-out as the cash-value of all assets less all debts at any given [click to continue…]
by Best4business Team on 14 May 2009
Business entertaining follows the general principle that it is considered not tax-deductible or allowable as a business expense in the normal way. [click to continue…]
by Best4business Team on 20 April 2009
As from 1st April 2009, the eligibility criteria for businesses wishing to join the Flat Rate Scheme (FRS) for VAT changed; the only requirement now is to have an annual sales turnover of less than £150k (when joining). [click to continue…]
by Best4business Team on 10 March 2009
Introduced in April 2003, these are a form of benefit paid by government to families with children (Child Tax Credit [CTC]) and working individuals on low incomes (Working Tax Credit [WTC]).
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by Best4business Team on 7 March 2009
The example below demonstrates how you can benefit from the new rules by selecting the ‘right’ car: generally a relatively expensive car with CO2 emissions of less than 160g/km. [click to continue…]
by Best4business Team on 5 March 2009
You can now pay the following by credit card over the internet using the existing online payment service known as BillPay: [click to continue…]
by Best4business Team on 12 February 2009
There are a variety of ways in which a vehicle being used for business purposes may be treated. [click to continue…]
by Best4business Team on 27 January 2009
by Best4business Team on 23 January 2009
There have recently been some changes introduced to widen the scope of this scheme aimed primarily at SME businesses. In case you are not aware, these are a form of tax relief designed to help businesses by way of reduced tax payments. [click to continue…]
by Best4business Team on 12 December 2008
Introduced at the end of November last year, this new service is designed to allow taxpaying businesses that are experiencing cashflow difficulties to better communicate their problems and work-out solutions directly with HMRC. [click to continue…]