Creating an Office at Home

Creating an Office at Home

Many company owners work from home, this note looks at how you may obtain tax relief on the cost of converting the spare room, or building a deluxe summerhouse to serve as an office in the garden. A director can reclaim any expenses incurred when working from...
Allocation of partnership profits

Allocation of partnership profits

Partnership income is computed for the whole partnership by reference to the various sources of income for each accounting period. However, the legislation also says that for each tax year in which a firm carries on a trade, each partner’s share of the...
Tax Investigtion Accountants & Cover

Tax Investigtion Accountants & Cover

A tax investigation could cost you money even if you’ve done nothing wrong. HMRC FACTS £33 Billion is the estimated tax gap between what HMRC should collect and what it does collect. £17 Billion is attributed to Small Businesses (£14bn) and Individuals (£3bn). Tax and...
VAT Moss Changes to VAT Place of Supply Rules

VAT Moss Changes to VAT Place of Supply Rules

From 1st January 2019, an EU wide change to the VAT place of supply rules will be implemented that will affect MOSS registered businesses who are established in the EU.  What is changing? An £8,818 annual threshold (total value, exclusive of VAT) for cross border...