Category Archives: Business advice

Claiming Business Asset Disposal Relief

24th May 2021 Posted by -

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation of the relief. BADR applies to the

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business advice Burton on Trent

Importing goods into the UK

19th May 2021 Posted by -

There are special procedures for importing goods into the UK. Following the end of the Brexit transition period, the process for importing goods from the EU effectively mirrors the process […]

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Taking money out of a limited company

17th May 2021 Posted by -

There are a number of ways a director can extract money from their limited company. The money can usually be withdrawn in one or more of the

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Impact of residence and domicile

13th May 2021 Posted by -

HMRC’s online guidance note for residence, domicile and the remittance basis: RDR1 is intended for UK residents and non-residents and covers the residence, domicile and remittance basis rules from 6 April 2013 […]

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Restarting a dormant or non-trading company - business advice Burton on Trent

Restarting a dormant or non-trading company

7th May 2021 Posted by -

HMRC must be informed when a non-trading or dormant company starts trading again and becomes active for Corporation Tax. Companies can use HMRC Online Services to supply the relevant information. […]

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Selling a business transferring a business?

VAT – transfer as a going concern

6th May 2021 Posted by -

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]

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A reminder that not all costs are costs

30th April 2021 Posted by -

Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material

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Website Development is it an expense

Website development costs

22nd April 2021 Posted by -

One of the main areas to consider in deciding how to treat a deductible expense is whether the cost is revenue or capital in nature. There is no single, simple […]

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