Financial Planning Archives

VAT on termination fees

by AJN Accountants | Apr 21, 2022 | Accounting, Advice, Business, Financial Planning, Tax Planning, VAT

Contract termination fees can be a bitter pill to swallow when you just want out of an expensive agreement. What’s worse is that some suppliers will charge VAT on top of the cancellation fee while others will not. The law has been a bit of a mess but HMRC has...

Cryptoassets are taxable

by AJN Accountants | Apr 11, 2022 | Accounting, Advice, Financial Planning, Tax Planning

In uncertain times people instinctively look for alternative ways to invest and some may choose cryptoassets such as Bitcoin and non-fungible tokens. If you decide to go digital with your investments, think about how the profit or loss you make on these assets will be...

Declare your Covid-19 Grants

by AJN Accountants | Mar 25, 2022 | Accounting, Business, Financial Planning, Tax Planning

The Covid-19 support grants (CJRS, SEISS and Eat Out to Help Out) are taxable and should be declared on your business’ tax return. For corporation tax (CT) you must report amounts received in the accounting period covered by the return, not grants claimed for...

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VAT on termination fees

Cryptoassets are taxable

Declare your Covid-19 Grants

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