Best4business Accountants & Co. Ltd.
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…]
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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…]
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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…]
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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…]
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There are a variety of ways in which a vehicle being used for business purposes may be treated. [click to continue…]
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There are a few new articles of interest on the BERR website.
Following the link to Capital for Enterprise, we found the attached guidance. It appears that many businesses should be eligible for either the enterprise finance guarantee or equity investment fund schemes detailed, so are well-worth a look. [click to continue…]
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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…]
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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…]
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