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Business
Billions Paid into Cash ISAs
UK savers deposited a record £14 billion into cash ISAs in April 2024, the highest monthly figure since ISAs were introduced in 1999. The surge
Businesses Reminded Over Final Payment Submissions
HMRC is reminding business they need to be thinking about final preparations for their last Full Payment Submission (FPS) or Employer Payment Summary (EPS) of
Can a Sole Director of his Own Company be Paid for Business Travel?
Can the sole director of his own company be paid £5 per night when away on business without producing receipts to cover expenses incurred?
Can Any Travel Expenses Be Claimed For Business Trips?
Q. My husband and I are joint partners in a business for profit sharing purposes. The work requires me to do a lot of travelling on
Can Company Claim Cost of Passport and Visas as a Business Expense?
My company requires certain employees to attend trade shows in other countries. The company pays for all the travel costs including visas where necessary, and
Can I Deduct a Proportion of the Costs of Holiday from my Business Profits?
Subject to any travel restrictions, I will be taking a holiday with my family in February. As I have a number of consultancy clients relatively
Can I Deduct Losses from my Sole Trader Business in the Same Tax Year?
Can I set off the losses from my sole-trader business against my employed income for the year? Yes you can set the losses from
Can I Set First Year Losses Against Second Year Profits?
I started a new business last year and have only just begun to make profits after a year of losses. Can I set the losses
Can I Set that Loss Back from the Combined Music and IT Profits?
I formed my own IT contracting company in 1987, which made good profits. In 2006 that company bought the assets of several small record labels
Can Selling my First Business as a Student be Taxable?
My son built and maintained a few websites on behalf of local businesses. Before he started his university course in October he transferred the code
Do I Have to Include Revenue from my New Consulting Business?
On 1 Feb 2010 I started a self-employed consultancy business, which has generated profits of about £40,000 in the first four months. I also run
Do Profit from Selling Domain Name be Taxed as Income or Capital Gain?
About ten years ago I acquired all the various versions of the domain names relevant to the trading name used by my business. These domain
Is Donation to the Local Youth Club be Tax-Deductible for my Business?
My company makes a regular donation to the local youth club, is this expense tax-deductible for my business? If the youth club is a
Is it Taxable to Send Flowers to Staff from the Company?
A member of my staff has had a serious operation and will be away on sick leave for some weeks. If I send her flowers
Is it True that I’ll get Tax Deduction for 2nd Class Travel and 2 Star Hotel?
My business requires me to spend up to 100 days a year away from home speaking at conferences. I always travel first class, to allow
Is it True that the First £100,000 of my Business Sale is Tax Free?
I’ve heard I will soon get the first £100,000 on the sale of my business tax free. Is that true? This is a rumor
Is the Cost of Lunch at Hotel to Discuss Business Plan be Tax Deductible?
If I and my business partners meet at a local hotel to discuss future business plans, having a meal whilst there, will the cost of
Is the QCB Deferral Worthwhile?
When a company is sold, it is often partly for consideration which is deferred in one way or another. Sometimes this will take the form
Should I Buy Property in my Own Name or Should my Company Buy it?
I’m looking to buy the property my company trades from. Should I buy it in my own name or should my company buy it? I
Should I Incorporate my Business Making Profits of £80,000 a Year?
I have built up quite a good business as a music teacher with profits of about £80,000 a year. Should I incorporate my business?