Tax and Business
Models (673)
Licence agreementWhere your company makes a payment to you in return for being allowed to use your home or other property for its business, you should draw up an agreement to formalise the arrangement. A licence agreement, rather than a lease, provid... Read more
26 Nov 2013
CGT schedule of capital enhancements The cost of enhancing an asset, such as structural alterations or improvements to a property, is a capital expense. The cost of the enhancement is deductible when calculating the capital gain or loss following the... Read more
29 Oct 2013
CGT EIS deferral relief claim Investing in enterprise investment scheme (EIS) shares gives you an opportunity to defer capital gains tax (CGT) that would otherwise be payable.Claiming reliefEIS deferral relief, sometimes referred to as EIS rein... Read more
22 May 2013
Capital allowances short-life asset electionTax relief on the cost of equipment you buy for your business is spread over decades unless your purchases are covered by the annual investment allowance. The good news is you can accelerate this dra... Read more
28 Mar 2013
Employees using their own cars for business policyIf employees use their own vehicles for business journeys, you should have a company policy which spells out the situation regarding insurance, parking and mileage rates at which you will reimburse th... Read more
08 Jan 2013
Complaint letterUltimately, the Adjudicator's Office handles all complaints about HMRC. However, the adjudicator will only examine a complaint if it has been through the proper levels of authority within HMRC first.Set out your grievanceIf you feel yo... Read more
08 Jan 2013
Surplus income recordThere is an inheritance tax exemption for monetary gifts made out of your surplus income.The exemption relies heavily on identifying the amount of surplus income you have. A simple annual record can be used for this purpose.Gifts... Read more
08 Jan 2013
Analysing financial statementsIf you are asked to comment on the finances of a potential new customer you should download a copy of their latest financial statements from Companies House. What should you do next?Full set neededWhatever the filing req... Read more
02 Jan 2013
Company solvency calculatorCompany directors should be alert to their potential personal liabilities for the offence of wrongful trading. So how do you tell if your company might be trading wrongfully, and thereby exposing the directors to risk. Cond... Read more
02 Jan 2013
Monthly financial timetableThe speed with which you are able to close the books is a very good indicator of the efficiency of the company's financial procedures. Fast closing also saves time, money and resources and enables you to add value in other w... Read more
02 Jan 2013
