The stock market recovered over the last half of 2009, but now it’s looking a little shaky again. So, you might be thinking that now is the time to dump some shares. But if this results in losses,
how can you use them tax efficiently?
Published 17.02.2010
Your company is a little cash strapped so in order to cut costs you and a co-director have decided not to claim back some of the business expenses you’ve paid for personally. What’s the most
tax-efficient way of doing this?
Published 17.02.2011
Expenses incurred in setting up a new business can be treated as if incurred on your eventual first day of trading. However, if you’ve an existing business why can’t you claim those expenses right
now?
Published 22.05.2008
Whether you’re aiming to expand or are just starting out, buying into a tried and tested business model through a franchise can improve your chances of success. But will the Taxman allow you a
deduction for your investment?
Published 08.02.2012
Our subscribers, a married couple, are selling two assets. Both sales will produce a capital gain, one chargeable at the rates for residential property gains and the other not. How can they allocate
their annual exemptions for maximum tax efficiency?
Published 21.09.2022
A subscriber recently told us that the Taxman refused to allow a deduction for the cost of a business seminar, saying that as the expense was partly for a non-business reason, the whole lot didn’t
qualify. Was he correct?
Published 02.11.2010
One of our subscribers was unlucky enough to be hit with a Companies House penalty for sending in accounts late. His question for us was - do the fine and other fees qualify for a Corporation Tax
deduction?
Published 14.05.2012
An employee who underwent training for his job claimed the cost as a tax deduction. HMRC refused to allow it and the First-tier Tribunal agreed with it. What were the tribunal’s reasons and can
training costs ever be tax deductible?
Published 18.04.2016
Two directors have been meeting the cost of business expenses out of their salary but they’ve now found out that this could be costing them thousands a year in extra NI. Why is this and what’s the
alternative?
Published 07.09.2011
You’ve incurred some expenses partly for business and partly for personal reasons. Exactly how much will be allowed for tax? The Taxman’s view is contained in his “duality of purpose” doctrine. What
do you need to know?
Published 11.05.2006