When purchasing equipment for your business or when renewing existing equipment, HMRC gives special incentives if you buy specific makes that saves energy. However, first you have to track a supplier that sells these types recommended by HMRC. Capital allowances enable you to write off your costs of capital assets against your taxable profits. The […]
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 […]
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.
Having a website is almost a necessity for any business, but setting one up and maintaining it can be expensive. This article explains as to whether you can get can tax exemptions for developing and maintaining a website. Most businesses can claim a 100% tax deduction for some of the cost of setting up a […]
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 […]