Is this a good time to invest

Oct 16, 2018

This article considers the question: should businesses invest in new equipment or other long-term capital acquisitions at this time?

In truth, no one knows what the impact of the Brexit will…

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Exclusivity and tax relief

Oct 11, 2018

In order to qualify as a deduction for tax purposes we have to demonstrate that the expenditure was incurred “wholly and exclusively” for the purposes of our business or employment.

We will…

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Importing goods from outside the EU

Oct 09, 2018

Although the Brexit issue is not yet decided it may be salutary for businesses to consider the changes they will need to face if we depart with a no-deal Brexit. We have touched on these issues in past…

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Did your goat eat your accounts?

Oct 04, 2018

Companies House have published a list of bizarre excuses for the late filing of their statutory accounts. They include:

  • “goats ate my accounts”
  • “I found my wife in the bath…

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Not so trivial

Oct 02, 2018

Options for reducing the impact of taxation on our earnings are somewhat limited. That said, there are still opportunities that will keep you the right side of the law and will increase the take home…

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About turn, you can use spreadsheets

Oct 02, 2018

HMRC has about-faced regarding the ban on using spreadsheets to work out your VAT return data from 1 April 2019, when the new requirement to file VAT returns using Making Tax Digital (MTD) format is…

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Invoice discounting with larger customers

Oct 02, 2018

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.

Cynically,…

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What is a reasonable excuse

Oct 02, 2018

HMRC is still required to obtain certain returns from you even if there is no income or tax to declare. Failure to submit will likely trigger late filing penalties and unfortunately, pleading ignorance…

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Passport issues if a no-deal Brexit

Oct 02, 2018

Guidance on the use of a British passport to travel abroad after 29 March 2019, if there is a “no-deal” Brexit, was issued by government last month. The pertinent facts are reproduced below:

After…

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