Category Archives: Expenses

Business advice Burton on Trent - VAT and Business Gifts

VAT and business gifts

26th November 2021 Posted by -

In general, VAT does not have to be accounted for on business gifts to the same person as long as the total cost of the gifts does not exceed £50 (before […]

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Alexander Accountancy Tax experts Burton on Trent

Post cessation receipts and payments

27th August 2021 Posted by -

There are special rules for the taxation of post-cessation receipts and expenses after a trade has ceased. These provisions also apply to professions and vocations as they apply to trades. […]

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Alexander Accountancy accounts near me, accountants in Burton on Trent

Décor and plant and machinery allowances

13th August 2021 Posted by -

Capital Allowances are the deductions that allow businesses to secure tax relief for certain capital expenditures. Capital Allowances are available to sole traders, self-employed persons, or partnerships, as well as […]

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Pre-trading expenditure Alexander Accountancy Burton on Trent

Pre-trading expenditure

11th June 2021 Posted by -

There are special tax reliefs for pre-trading expenses that are incurred before a business starts trading. These could include expenses that are required to help a business prepare for trading such […]

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