Tax and Business




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Letter
Structures and buildings allowance statementIf you intend to claim the structures and buildings allowance, HMRC's guidance stipulates that a statement containing certain key information needs to be prepared.AllowancesHMRC's guidance indicates that to c... Read more
UPDATED14 Sep 2020
Credits: 1
doc
Agreement
Settlement agreementWhen you want to prevent an employee from issuing proceedings in relation to the infringement of their statutory employment rights on termination of their employment, consider going down the settlement agreement route. This is an ... Read more
UPDATED08 Sep 2020
Credits: 1
doc
Checklist
Business asset disposal relief checklistWhen you sell or transfer all or part of your business you might be entitled to claim business asset disposal relief in respect of any capital gain you make. This means that the maximum rate of tax that will ap... Read more
07 Jul 2020
Credits: 1
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Checklist
IHT fall in value relief for shares checklistWhere a sale or transfer of shares or other qualifying investments is made within one year of death at a value less than they had for probate, inheritance tax (IHT) can be recalculated using the lower valu... Read more
07 Jul 2020
Credits: 1
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Form
Fixed asset registerCapital expenditure for accounting purposes doesn't always qualify for capital allowances (CAs) purposes. Use our fixed asset register to keep a record of purchases so that you and your accountant can review them each year.Property... Read more
05 Jun 2020
Credits: 1
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Checklist
Rent or entrepreneurs' relief checklistIf you personally own property that your company uses for its business, there can be tax advantages to having the company pay you rent. However, doing so can mean a higher capital gains tax bill when you sell it.... Read more
18 May 2020
Credits: 1
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Letter
Notice to terminate contractTo terminate a contract, you will need to notify the other party. Use our model notice to terminate as a guide.Lockdown effectUnfortunately, many business contracts are having to be suspended or terminated as a result of t... Read more
22 Apr 2020
Credits: 1
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Document
Minutes of board meeting held remotelyCompanies must record what happens at board meetings and this rule still applies to those held remotely by telephone/video conference. This helps to keep track of what was decided and when, and the minutes can als... Read more
22 Apr 2020
Credits: 1
doc
Clause
Partnership cross option clauseIn the event of the untimely death of one of the major partners, the surviving members probably won't want the partnership interest to go to the deceased's beneficiaries unless they are already involved in runnin... Read more
15 Apr 2020
Credits: 1
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Letter
Election to accelerate transitional chargeWhere you change from calculating your rental business profits and losses from the cash to the accruals basis, you are required to make a one-off adjustment. This is known as the transitional adjustment, whic... Read more
15 Apr 2020
Credits: 1