If you’ve invested in equipment, dental chairs, furniture, or other business assets for your practice, capital allowances can significantly reduce your tax bill.
From April 2027, most taxable BIKs (including taxable expenses) provided to employees and directors will need to be reported to HMRC via weekly or monthly payroll returns instead of on a P11D return at the end of the tax year.
The constant volatility in the cost base of many businesses makes it even more important than ever to ensure that business owners have up-to-date cash flow projections in place, and that these are regularly reviewed and updated.
An overdrawn director's loan account becomes a company asset that must be repaid by the director personally. What can directors do to avoid the risks associated with this?
Businesses with a global turnover of €750m or more could have additional registration and filing requirements in the UK – irrespective of the size of their UK presence.
Businesses will soon be required to capitalise operating leases as a ‘right of use’ asset following a significant change under FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland.
Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues.
One announcement at the 2024 Autumn Budget, that may well have slipped through the net of some businesses, is the changes to business rates. Businesses will need to ensure that their rateable value for the property is fair and updated.