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Business

27 articles
Last Updated: July 19, 2021

Should we Treat Dairy Farm and Holiday Letting as a Single Business?

I run a mixed arable and dairy farm in my own name, and my wife operates a holiday accommodation business from two of the farm

Last Updated: December 8, 2023

Tax-Deductible Training Costs

As a business owner or as a self-employed person, you may have costs from time to time for training. It may be for yourself or

Last Updated: April 5, 2022

Transitional Rules for Capital Allowances

The annual investment allowance (AIA) has been at a temporary increased amount of £1 million since January 2019. This was supposed to revert to £200,000

Last Updated: March 7, 2022

VAT – The Annual Accounting Scheme

There are a number of VAT schemes aimed at smaller businesses that help to simplify reporting, and in turn reduce the amount of administration time

Last Updated: March 7, 2025

What are the Tax Rules for Employee Reward Schemes?

Q:I’m thinking about introducing a scheme encouraging employees to bring forward ideas to improve my business, offering a significant reward for the best suggestion. I’m

Last Updated: July 19, 2021

What is the Best Way to Structure the New Business?

I am currently employed but I plan to start an internet-based business in my spare time, which will take about 18 months to break even.

Last Updated: January 16, 2024

Will Initial Franchise Fee to Start my Trading Business be Deductible?

I’m about to pay a significant initial franchise fee. Will I be able to deduct any of that cost from my earnings for my first

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