by AJN Accountants | Dec 6, 2022 | Advice, Business, Tax Planning
Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase cost of certain fixtures and fittings for buildings. These super-deductions will expire on 31 March 2023. The annual investment allowance...
by AJN Accountants | Nov 21, 2022 | Advice, Business, Financial Planning, Tax Planning
Several investment schemes provide a basket of tax reliefs to individuals who are prepared to risk their money by subscribing for new shares in small trading companies. Two such schemes are the Enterprise Investment Scheme (EIS) and the similar Seed Enterprise...
by AJN Accountants | Oct 26, 2022 | Accounting, Advice, Business, Tax Planning
Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as a travel season ticket or a deposit for childcare costs. Such loans can also be provided to help towards other unexpected costs...
by AJN Accountants | Sep 12, 2022 | Advice, Business
There are now almost 10 million people who work from home and can benefit from the tax-free allowance of £6 per week (£26 per month) which their employer may choose to pay. Employers can reimburse larger amounts to home-based employees if the employees can prove that...
by AJN Accountants | Jun 10, 2022 | Accounting, Advice, Business, Financial Planning, Tax Planning, VAT
It is important to keep your personal money and your company’s money completely separate. If you use your company’s bank card to buy personal items or to pay your own bills, that expenditure is treated as a loan to you. The loan creates a corporation tax...
by AJN Accountants | May 17, 2022 | Accounting, Advice, Business, News
The untimely death of a sole shareholder/director of a private limited company can bring business to a standstill and put considerable pressure on the deceased’s personal representatives. When a sole director dies – and if there are surviving shareholders or members –...
