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 | 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...
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...
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...
