Category Archives: Corporation tax

Clothing – Our 3 Favourite Tax Tips To Stay Safe And Look Good!

Clothing - Our 3 Favourite Tax Tips The provision of protective clothing and uniforms is an important part of the safety, operational efficiency and brand identity of many businesses in today's work environment. These expenses from a tax point of view have (according to the courts) an intrinsic personal element that must be considered either for…
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Accounting Adjustments – Our 3 Favourite Ways To Maximise Your Tax Benefit

Accounting Adjustments - Our 3 Favourite Ways To Maximise Your Tax Benefit For tax purposes, your profits should be calculated using normal accountancy practices.  Accounting adjustments made to deal with bad debts, obsolete stock and other provisions are normally tax deductible subject to a few provisos we will discuss below. Accounting entries like depreciation and…
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Employing Your Children – Our 3 Favourite Reasons For Doing It

Employing Your Children - Our 3 Favourite Reasons For Doing It Children are a joy! They are also a strain on your finances! Is there a way of employing your children within your business which allows you to pocket an overall tax saving and provide them with an income? Employing Your Children - They Are…
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Christmas Gifts – Our 3 Favourite Tax Saving Tips

Christmas Gifts - Our 3 Favourite Tax Saving Tips Christmas Gifts - Our 3 Favourite Tax Saving Tips Getting a Tax Deduction for your Christmas Gifts - What are the rules? Christmas Gifts - Our 3 Favourite Tax Saving Tips As you know by now we are big fans of knowing what the rules are. The rules…
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