Company tax


To help ensure your company pays the least amount of tax possible


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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
UPDATED15 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
UPDATED15 Apr 2020
Credits: 1
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Policy
Employee homeworking expenses policyThe increasing tendency for individuals to work from home raises the question of which home-related costs can be reimbursed tax free by an employer. So you'll need a company policy making it clear to your employees ... Read more
UPDATED13 Apr 2020
Credits: 1
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Miscellaneous
Spouse's job descriptionA business can pay a salary to the spouse or other family member of its owner if they work for it. Having a formal job description will help justify the amount paid if HMRC decides to challenge it.spouse's payThe wages paid to a... Read more
UPDATED03 Apr 2020
Credits: 1
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Letter
Transactions in securities clearance letterIncome and corporation tax anti-avoidance rules apply to a wide range of transactions involving shares or securities in companies. To provide certainty over whether HMRC will consider that a transaction is c... Read more
06 Dec 2019
Credits: 1
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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
06 Dec 2019
Credits: 1
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Agreement
Non-audit engagement letterWhen you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter ... Read more
11 Nov 2019
Credits: 1
docx
Checklist
EIS qualifying company checklistThe enterprise investment scheme (EIS) is a good way to incentivise external investors to buy shares and provide much needed capital for your trading company. Use this handy document as a first step to check whether yo... Read more
04 Sep 2019
Credits: 1
doc
Clause
Employee contract pay in lieu of notice clauseIn the absence of an express payment in lieu of notice clause, you don't have the contractual right to terminate employment summarily upon making such a payment. This doesn't mean you can't do it, but you do... Read more
24 Jun 2019
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Letter
Social investment tax relief advance assurance letterIf you operate a qualifying social enterprise, you could attract potential investors using a government-approved tax relief.When can you request advance assurance?For social investment tax relief (... Read more
14 Feb 2019
Credits: 1