All blog posts relating to Accounting
Work through the points below to straighten things up for the end of the tax year. Ask us if you would like more information. Think About: Deductions Bad Debts: Write bad debts off in your debtor ledger before balance date so you can claim a deduction. Make sure your records show you have taken […]
As previously signalled in earlier blog posts, new rules on claiming expenses for mixed-used assets such as holiday homes (assets being used both privately and for earning income) have been passed in to law. Previously expenses have been subject to a private to business ratio (including when the asset was available for use even if […]
A recent change in legislation introduced new rules on the tax treatment of lease inducement payments and surrender payments. From 1 April 2013, such payments are deductible for the payer and taxable for the recipient and are subject to spreading rules. If you are negotiating or renewing commercial leases, we recommend talking to us to […]
