News & Events

Year End Tax Planning- Act Now!

Read this or you may miss out! Understanding all the different tax issues can...

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NEWCASTLE Seminar: Should your business become a limited company?

These seminars will discuss the tax and legal advantages and disadvantages of becoming a...

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BANGOR seminar: Should your Business become a Limited Company? Tax and Legal Advantages

Many businesses operate as sole traders or partnerships but by changing the entity under...

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How far back can you reclaim VAT?

Under-claimed VAT can now be reclaimed as far back as 4 years, rather than...

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Be careful what you shred!

If you fill in a tax return you are legally obliged keep all the paperwork to back it up. This may include your personal bank statements if the accounts concerned are interest-bearing. You have to keep records going back quite a long way. A company with a 31st March year end may not shred its … Continued

Annual Investment Allowance (AIA) Reduction.

Businesses can currently write off 100% of the cost of qualifying assets against their taxable profits, up to an annual limit of £100,000. AIA allows businesses to receive tax relief on qualifying plant and machinery expenditure in the year it is incurred. Assets that can be written off in this way include commercial vehicles, plant, … Continued

Personal Allowance and NIC changes

From 6th April 2011 there is to be an increase in the Personal Allowance for all those under 65. The amount of income that you earn tax free will be increased to £7,475 instead of the current threshold of £6,475. There will also be changes made to the thresholds for the higher tax bands (See … Continued

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