The hobby that turned into a small business unfortunately never took off. In fact, so far it’s made a small loss and left you stuck with some hardly-used equipment. Is there any way you can profit
from this loss?
Published 11.11.2009
One of your family is looking to you for some cash to help their new business through a sticky patch. There are a number of ways in which you can offer the finance, but which one is the most tax
effective for you?
Published 03.12.2009
Your accountant has suggested transferring your sole trader business to a company as it will be more tax efficient. However, there are unused losses in the business. Will the company be able use them
to reduce its tax bills?
Published 04.05.2016
Thanks to your expertise a friend has approached you about starting a joint venture with him. His business plan shows it will probably make a loss in the first year or two. How should you set up the
business to maximise tax relief?
Published 03.10.2012
The new extended tax loss relief seems straightforward but a closer look reveals an opportunity for sole traders and business partners to save more tax than first appeared. Is this something you can
take advantage of?
Published 08.07.2021
The temporary extension to the loss relief rules announced in Budget 2021 applies to unincorporated businesses and companies. If you’re a sole trader or a business partner, when are you entitled to
claim the new relief?
Published 08.04.2021
You’re planning a new business but are unsure of its viability. You’ve been told that because you’re a higher rate taxpayer starting it in your own name rather than through your company will save tax
if it makes a loss. Is this correct?
Published 14.05.2015
The First-tier Tribunal (FTT) recently considered a claim for relief for losses made by a sole trader to reduce the tax payable on income he received from his company. How did the FTT rule and why?
Published 21.09.2022
In 2018 you started a business. It made a loss in its first year and now you’re about to complete a tax return covering that period. You know you can claim tax relief for the loss and that there’s
more than one way to do it. But which is the most tax efficient?
Published 07.01.2020
The pandemic resulted in a hefty loss for your business last financial year. The loss can be used to reduce tax on your other income, but relief is capped. What does this mean and what can you do to
increase the amount of relief?
Published 19.10.2021