Public relations (PR) is hard to define and sometimes even harder to measure. The most succinct definition is that it is a management function that executes a specific plan of action that deals with an individuals or organisations impact on public interest through its procedures and policies. PR also evaluates public attitudes. The ways to […]
100% tax relief for a Porsche!
As you may be aware motor cars used in a business that emit no more than 95g CO2 per kilometre qualify for a 100% capital allowance. This threshold reduced from 110g back in April 2013 and there are now fewer cars that qualify for this generous tax relief. However, if your business can afford one, […]
Corporate Social Responsibility (CSR) as a profile raising tool
Whether establishing a business-charity partnership or organising for a group of staff to volunteer in the local community, CSR is part of being in business. CSR is a great way to engage your staff, build teams and fulfil your business’s role as a responsible part of the wider community. Large businesses often run substantial CSR […]
Is my State Pension taxable or not?
The State Pension is part of a pensioner’s taxable income. The problem is, it is paid gross, without deduction of tax. If your sole source of income is the State Pension then this should cause no problem as the State Pension is usually below the annual tax-free personal allowance. What can, and does, cause a […]
TV productions vie for share of UK’s new TV tax credits
The UK’s new TV tax credit for approved productions in the UK are going down a storm with production companies on both sides of the Atlantic. One of the key draws to working on productions in the UK, aside from the financial incentives, is the large pool of experienced crew and actors based in the […]
Tax Diary July/August 2014
1 July 2014 – Due date for Corporation Tax due for the year ended 30 September 2013. 6 July 2014 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2014 – Pay Class 1A NICs (by the 22 July 2014 if paid electronically). 19 […]
Replacement of white goods items in unfurnished, let property
This reminder will affect landlords of unfurnished let property who are considering the replacement of standalone white goods (fridges etc) and similar items. Following the withdrawal of a tax concession from April 2013, there is effectively no tax relief for the replacement of defective, free-standing white goods in unfurnished properties. In some respects this absence […]
Penalty for just one day
Consider the following facts: The filing deadline for a Stamp Duty Land Tax return was a Sunday. A member of the advisor’s staff forgot to file the return by the end of the Friday – two days before the deadline. Realising their mistake, the staff member took the file home with the intention of filing […]
Discontinuance of trade and the Annual Investment Allowance (AIA)
In a recently decided tax case a self-employed air conditioning engineer, David Keyl, was denied a claim for AIA. He had purchased a van in July 2008 and on 31 March 2009 (the end of his trading year) he transferred his sole trader business to a limited company. Unfortunately, the legislation setting up the AIA […]