Tax Deductions

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.

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 […]