Tax Consultants Chelsea

Tax Relief for Buying Equipment for your Business

Posted by on January 31, 2012 at 6:41 pm

Strict rules apply in order to limit tax deductions that employees and directors can claim for work related expenses. The rationale behind tax deductions is that they must be incurred as part of doing the job, but there are exceptions, such as loan interest. Therefore you need to make sure as to what are the […]

Tax Deduction for Overdraft Interest

Posted by on January 14, 2012 at 12:42 pm

It’s hardly an unusual situation for a director to incur expenses on behalf of their company and for it to make a reimbursement. The outcome of this arrangement is usually that the company gets a deduction for the cost while for the director the transactions are tax neutral. But if the director takes for example […]

Tax Advice and Tax Planning when Selling your Business

Posted by on May 25, 2011 at 4:35 pm

Selling your business can be an extremely complex and a time consuming exercise, and can require the expertise of professionals such as consultants, accountants, and tax advisors. If you find you don’t really want to sell your business, you have the option of reorganizing your business on a tax-deferred basis. This is one of the […]