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corporation tax

Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
Your company's financial year ends on 31 December and your director's loan account is in deficit. To avoid this triggering a tax bill for your company, you could take a bonus to clear the debt. What's the most tax-efficient way to handle this? Director's loan account If you owe money to your company at the end of its...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
You've signed a new lease on your premises and negotiated a rent-free period with your landlord. How will this affect the timing of tax relief over the term of the lease? Tax timing The timing of a tax deduction can affect your company's cash flow, especially if it's for a major cost like renting your business premises....
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
In view of proposed new rules you're going to divert this year's bonus into your pension fund. But with only a few days before your company's financial year end how can you ensure tax relief against this year's profits? Bonus payments Obtaining tax relief for year-end bonuses isn't usually a problem. When the accounts for...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
HMRC has raised a query on your company's latest accounts regarding the tax deduction claimed for the costs of your sales campaign. It says they count as business entertainment and so aren't tax deductible. Is this correct? Entertainment On the face of it the question posed above is a simple one to answer; the cost of...