The ins and outs of reclaiming pre-registration VAT
The rules regarding pre-registration VAT have always been a source of confusion. HMRC’s tinkering of its own internal guidance has made matters worse. What do you need to know
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What’s the right way to treat entertainment costs for tax purposes?
Special tax rules block relief for business entertainment costs. However, the rules can be applied in different ways. What are the dos and don’ts? Business entertainment As you probably
Is tax relief due on pre-trading expenses?
You’re devoting a lot of time to getting your brand new company up and running. If it pays you for your efforts will HMRC allow it to deduct the cost
What’s the personal financial risk of failing the IR35 test?
Rules effective from April 2017 and April 2021 shifted the responsibility for deciding if IR35 applies to a contract from the worker to the client, but not in all cases.
Capital allowances – to claim or not to claim?
Your latest business accounts show a loss which means it will have no tax to pay. Is it therefore worthwhile claiming extra tax deductions in the form of capital allowances
Claiming rent-a-room relief while you’re away
You’re about to be posted to another part of the country for an extended period. You’re going to let your home to a friend while you’re away. Will you be
