Tax
Take advantage of the tax exemption for mobile phones
The tax legislation contains a number of exemptions which allow benefits in kind to be provided to employees without a tax charge arising. Some of
September 11, 2023
Deferring capital gains tax on a business asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset. Deferral of the charge is possible with
June 7, 2023
Finance & Accounting>Finance & Accounting
‘Pheonix companies’ – distribution treated as income rather than a capital gain in certain conditions
In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to be income
June 8, 2022
Finance & Accounting>Finance & Accounting
Distributions on cessation of a company
Companies cease for various reasons, some closing for the personal reasons of their directors or shareholders, rather than being forced to close by creditors. Many
June 6, 2022
Finance & Accounting>Finance & Accounting
Conditions and problems surrounding the claim for Incorporation relief
Businesses become companies for a variety of reasons. Not so long ago it was mainly as a tax planning tool but increasingly the differences in
May 27, 2022