Aug 15 2017 Are you missing tax allowable business costs? Categories: Leisure Common deductible expenses within the Leisure industry include; advertising costs, telephone bills, heating and lighting costs, council tax, certain professional fees, general repairs, gardening costs, cleaning items, insurance, relevant membership subscriptions, crockery, cutlery, and bed linen to name a few. Don’t forget you may claim travel expenses of up to 45p per mile for travelling more
Aug 4 2017 Benefits of electric company cars Categories: TaxationTechnology Last week the UK government announced plans to ban the sale of new diesel and petrol cars and vans by 2040. This move will make electric vehicles more and more important in the coming years however is already of great benefit to many companies. Buying or leasing an electric vehicle as opposite to traditional petrol more
Jul 28 2017 Changes to requirement to register Persons of Significant Control (PSC) Categories: Professions To comply with new anti-money laundering regulations there have been changes to the requirement to notify Companies House of the people with significant control of an organisation. Previously only companies and LLP’s were required to notify and this was done annually on the Confirmation Statement (which replaced the Annual Return). The change now means Scottish more
Jul 12 2017 Tax tips for dental professionals Categories: Healthcare Research & Development Tax credits Perhaps the dental profession is not the first sector you’d think of when considering whether to claim for Research & Development (R&D) Tax Credits. However, if you are involved with dental innovation or seeking an advance in dental technology you ought to seriously consider whether your business is entitled to more
Jun 21 2017 Property & Capital Allowances Categories: Property & Construction You can claim capital allowances when you buy assets that you keep to use in your business, eg equipment, machinery, business vehicles. These are known as plant and machinery. In most cases you can deduct the full cost of these items from your profits before paying tax using the annual investment allowance. It is normally straight forward to more
Jun 15 2017 Annual Tax on Enveloped Dwellings Categories: LeisureTaxation Do you own your FHL property through a limited company or mixed member partnership? If so, and any one property is valued at more than £500,000 then you will have been required to complete and submit an ‘Annual Tax on Enveloped Dwellings’ (ATED) return by 30 April. Relief from the ATED charge, which starts at more
Jun 2 2017 Is your business structure in order? Categories: Healthcare When a dentist starts a dental practice or restructures an existing dental practice, you’d think there would be an industry standard when it comes to what type of entity should be formed and how it should be taxed. But there are many nuances and considerations that well respected tax and legal professionals differ on when more
Jun 2 2017 Abertay University opens £3.5m Science Laboratories Categories: Technology A new set of laboratories have recently been opened by the University of Abertay, Dundee at a cost of £3.5million. The labs have been set up to support the teaching of science, engineering and technology which includes forensics and biomedical sciences and will also be used for the development of food and drink, including Scotland’s more