How to account for VAT on deposits
When your business receives a deposit, it can create a tax point and VAT may be due. When is this relevant, and how do you make sure you account for … Read more
When your business receives a deposit, it can create a tax point and VAT may be due. When is this relevant, and how do you make sure you account for … Read more
In December 2016 the Court of Appeal criticised HMRC for not allowing a claim for VAT because the business didn’t have the normal documents required. What precisely is needed if … Read more
From 6 April 2017 the tax relief for loan interest and other finance expenses relating to let residential property will be restricted. How will this affect current and future losses … Read more
The rules for benchmark subsistence rates changed in April 2016, and they can no longer be used in a salary sacrifice arrangement. What are the changes and is there still … Read more
How much tax will you pay on your income in 2017/18? A new tax year starts in April and the good news is that you’ll be able to receive significantly … Read more
A sole director has been disqualified for seven years because he failed to maintain proper accounting records on behalf of the company. What financial information are you required to keep? … Read more