What is a wasting asset?
6th April 2022 Posted by - Alexander Accountancy
A wasting asset is an asset which has a predictable life of 50 years or less. HMRC’s guidance is clear that when you dispose of an asset, you are required […]
Monthly Archives: April 2022
Exempt loans to employees
4th April 2022 Posted by - Alexander Accountancy
An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the […]
Extended loss relief carry-back
1st April 2022 Posted by - Alexander Accountancy
A reminder that the temporary extension to the eligible carry back period for trading losses applies for company accounting periods ending between 1 April 2020 and 31 March 2022 and […]
Appeals process for late filing of company accounts
13th April 2022 Posted by - Alexander Accountancy
There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or non-trading […]
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