• 14th September 2016

    Financial Focus On...When Not To Claim

    Capital Allowances (CAs) are purely a tax invention used to standardise the rates for depreciation of assets used in business. To give a “true and fair” picture of an individual business’s profitability, the rate of depreciation of an asset is tuned to its particular usage. However, to standardise the rate of “depreciation” for tax purposes and avoid abuse, depreciation is not an allowable deduction against business profits and CAs are used instead.
  • Business valuations and Brexit implications
    6th September 2016

    Business valuations and Brexit implications

    Business valuations are subjective and are carried out on a hypothetical basis of a willing buyer and a willing seller.
  • 1st September 2016

    Brexit and VAT

    Hypothetically, VAT could be abolished following Brexit as it was introduced as a condition of joining the EU. However, most people consider that an abolition of VAT is so unlikely that it can be discounted as a possibility as VAT rises just short of £120 billion per annum.
  • 16th August 2016

    Financial Focus On...The Capital Allowance Sting

    Since the introduction of the Annual Investment Allowance (AIA), the level of Capital Allowances (CAs) on offer from the government has been, in tax terms, incredibly generous when viewed from a small business point of view.
  • 8th August 2016

    Pension schemes: 6 weeks post referendum

    Whilst we still remain in the EU, the uncertainty around the vote to leave continues, Over the past few weeks events have been moving at a whirlwind pace. Former Pensions Minister Ros Altmann’s resignation, following just 14 months in the job, has not come as a surprise to many.