April 2012 will be upon us in no time and brings with it a significant reduction to the reliefs available under the current capital allowances legislation. It’s currently possible to write off 100% of the cost of acquiring new business equipment (classified as plant and machinery) to the value of £100,000 as a tax deductable expense in the year of expenditure. (more…)
Leave a Comment July 21, 2011
If you are not a plumber (or even if you are!) you might be forgiven for not being aware of the current tax amnesty being offered by HMRC. Plumbers, gas fitters, heating engineers and other associated trade members are all being given the chance to notify HMRC of any tax underpayment by 31st May 2011. Provided certain conditions are met, any penalties payable will be at a greatly reduced rate.
Continue 3 Comments May 27, 2011
Holistic tax planning might sound airy fairy but it makes a big difference to the amount of tax you pay. Company directors take note!
Continue Leave a Comment April 4, 2011
Many of the clients Robert James Partnership deals with are family firms. In fact, it is fair to say they form part of the backbone of the UK economy, helping drive the creation of wealth and delivering benefits for society through both employment and support for local communities. How can EMI schemes benefit them to attract new talent into their companies? As always, our advice is very tax efficient…..
We predicted it would be a controversial pre-budget report and it lived up to expectations, with some headline measures that are clearly designed to win over the hearts and minds of Labour’s core supporters. But in spite of this, most observers would agree that overall, it was a pretty good result for Surrey’s business owners.
Continue Leave a Comment December 11, 2009
As problems with getting access to finance continue among small firms, the controversial Business Payment Support Service (BPSS) offers a very practical solution for many short term cash flow problems.
Continue Leave a Comment August 6, 2009
There wasn’t much cheer in the Budget for small business owners, what with the new higher rate of tax introduced and the implications on pension contributions. But there are always opportunities for tax planning, which could help minimise your tax liabilities in the future. Here are some of the most worthwhile:
Continue Leave a Comment August 6, 2009
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