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...
Small Business Accountants

Small Business Accountants

Small Business Accountants – Capital Allowances Guide ‘Capital allowances’ is the term used to describe the deduction we are able to claim on your behalf for capital expenditure such as business equipment, in lieu of depreciation. Annual Investment Allowance...
Self Employed or Limited Company

Self Employed or Limited Company

Which Business Structure Should You Use? This helpsheet gives you an outline of the different business structures you can trade through. Your business format is not set in stone forever and you can change between them. It is fairly simple for a sole trader to take on...
How to Raise Finance

How to Raise Finance

Start Up Finance will be needed for… Premises Equipment Goodwill if purchasing an existing business Installation of utilities Legal and professional fees Stationery Advertising and publicity Insurance Stock for resale Wages of employees Then as you expand,...

Limited Company Accountants

The 5 Key Qualities Needed to Succeed in Business Why do some people succeed in business and others not and why are some exceptionally successful. Some of it may be luck but there are common factors in successful business people that would seem to indicate otherwise....