Tax implications of buying a customer list
Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build their own client base
Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build their own client base
The decision to acquire a business asset, be it a van or any other type of machine, will generally depend on how it is intended
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches the VAT registration threshold. The VAT registration threshold
If you have employees who use either their own car or a company car for business mileage, you can pay mileage allowances tax-free up to
There are two different ways in which accounts can be prepared – the cash basis and the accruals basis. The cash basis is the default
If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit. The rules governing
The typical situation where ‘opt to tax’ could be used is where a commercial property is purchased for renting. As a new commercial property, VAT
With four days’ notice, a trial to redirect Self Assessment (SA) queries from HMRC’s phone helpline to its digital services started on 12 June, running
As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent. Where this is the case, the relief that is available
As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent. Where this is the case, the relief that is available
The pandemic changed the way in which many people worked, forcing them to work from home if they could. Post-pandemic, many employees have continued to
If you incur expenses in doing your job, you may be able to claim tax relief. While the rules governing the availability of relief are
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Why pay a salary? There are a
Many landlords purchase their investment properties with the aid of a mortgage. In the current climate of rising interest rates, landlords may be wondering whether
In a climate of rising interest rates and rising inflation, every penny is likely to count. For working parents, help with their childcare costs is
If you receive rental income from properties that you let out, you will need to tell HMRC about it on the property pages of your
In a climate of interest rate hikes and rising mortgage rates, property investors will want to ensure that they do not miss out on tax
Capital allowances are a mechanism for providing tax relief for capital expenditure. Relief is generally given in the form of a writing down allowance, although
Business Property Relief (BPR) is an attractive inheritance tax (IHT) relief potentially providing 100% tax relief in respect of qualifying assets (termed ‘relevant business property‘)
The Covid-19 pandemic forced large numbers of employees to work from home forthe first time. Having made the transition to home working, post pandemic, manyemployees
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