Business and Corporation Tax

Business and Corporation Tax can be a minefield and it is not wise to fall foul of HMRC. These guides will help you ensure that your tax records and in order.

Record keeping for Corporation Tax

If your company or organisation is liable for Corporation Tax, you must keep and retain adequate business and accounting records to file an accurate Company Tax Return and calculate how much Corporation Tax you need to pay. Read more…

Single Compliance Process for tax investigations

The pilot for HMRC’s new enquiry process has led to an important change to how businesses will be told about tax investigations. Read more…

Exemption threshold for employment related loans

Where an employer provides an employee with a cheap or interest free loan they have to report notional interest on the loan at 4% per annum on the form P11D. Read more…

Capital Allowances and Cars

A 100% first year allowance (FYA) is available on new low emission cars purchased by a business. Read more…

Tax implications of entertaining employees

The costs of entertaining employees are generally allowable against the profits of the business but there are some points to be aware of. Read more…

Safeguarding a share of the family firm from Inheritance Tax

A special relief usually protects business assets from inheritance tax (IHT). But protection can be lost where there is a shareholders’/partners’ agreement in existence. Read more…

Research and Development Relief

R&D relief gives additional tax relief to companies for expenditure incurred on R&D projects that seek to achieve an advance in science or technology. Read more…