Medium Businesses 2/2

Dec 25, 20193 min read

Take advantage of the Annual Investment Allowance

The annual investment allowance (AIA) allows businesses to obtain an immediate deduction against profits for capital expenditure up to...

9 views0 comments

Dec 25, 20192 min read

Give away £3,000 IHT-free each year.

There are various exemptions for inheritance tax purposes which enable a person to make tax-free gifts. One of the more useful is the...

18 views0 comments

Dec 25, 20192 min read

Savings income – how is it taxed?

The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are...

21 views0 comments

Dec 25, 20193 min read

Inheritance tax – making tax-free gifts

There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free...

8 views0 comments

Dec 25, 20193 min read

Residence nil rate band

Residence NIL Rate Band and downsizing The residence nil rate band (RNRB) is an additional nil rate band, which is available where a...

25 views0 comments

Dec 25, 20193 min read

Tax-free Christmas parties

Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...

7 views0 comments

Dec 25, 20192 min read

VAT capital goods scheme

The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...

8 views0 comments

Dec 25, 20192 min read

Rewarding staff suggestions in a tax-free manner

Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...

13 views0 comments

Dec 25, 20193 min read

Corporation tax and trading losses

Relief may be available where you operate your business through a company and you make a loss. The loss may be set against total profits...

13 views0 comments