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.
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 […]