It’s common for new businesses to incur hefty start-up costs. While you can claim a tax deduction from profits for these, tricky rules mean you might not be entitled to reclaim all the VAT. What steps can you take to maximise the VAT recovery? Pre-registration rules Special rules exist to ...
Having had a number of meetings this week about "the cloud" it would appear that whatever way you turn it is a buzz word looming over accounting software. There are the benefits of being able to access your information from anywhere with an internet connection, with the problems that arise ...
David Savill, head of owner managed business services at Bishop Fleming, appears to have disappeared from HMRC's records. All this despite not having moved from his home in 17 years. "Having paid considerable sums in tax every year for three decades, and not having moved home for 17 years, I could ...
ALL 281 of HM Revenue & Customs' enquiry centres are to be mothballed following a successful seven-month trial of alternatives in the north east. In its place, HM Revenue & Customs is to introduce a "flexible" telephone service, while visits can be made to "a range of convenient locations" including taxpayers' ...
As most of you are aware there are a number of expenditure items that are dealt with in your accounts that have both a business and private element. The biggest example would be motor expenses, where all of the expense is shown in the accounts and then an adjustment is ...