Tax Deduction

Is There a Tax Advantage to a Sale and Leaseback?

Posted by on May 14, 2012 at 2:03 pm

Recent statistics show that despite all the propaganda by the government and by the banks, the lending to businesses in 2011 compared to 2010 had been low. This lending squeeze has meant more and more businesses are looking for alternatives measures to bank loans, such as raising capital from the assets they already own. This […]

Accounts Preparation on Cash Basis

Posted by on April 27, 2012 at 10:31 am

During the budget it was announced that the government is going to introduce simplified tax rules for business accounts preparation. What are the tax advantages that you think that you will be entitled to from these new tax rules?

Tax Deductions for Buying a Franchise

Posted by on March 2, 2012 at 10:34 am

Any activity where you pay to use a trade name, agency, system or just someone’s expertise is a franchise. There can be a heavy up-front fees associated with franchises, yet there are no special tax rules to say whether or not you’ll get a tax deduction for these.

The Tax Advantages of Fixed Expenses Payments

Posted by on February 24, 2012 at 10:31 am

Reimbursing expenses to your employees the cost of their business travel etc. is tax and NI free. But is there a possibility of paying a fixed-rate allowance instead to make them better off.