Solid Business Blog

Business tips, success stories and more.
TQOTW: ANNUAL INVESTMENT ALLOWANCE (AIA)

TQOTW: ANNUAL INVESTMENT ALLOWANCE (AIA)

My client company has a year-end of 31st May 2019 and throughout the year the company incurred capital expenditure that qualifies for the annual investment allowance (AIA). How do we determine the amount of AIA available and how do we allocate the AIA to the...

read more
TQOTW: RENTAL INCOME ALLOCATION

TQOTW: RENTAL INCOME ALLOCATION

My Client owns 100% of an investment property and wishes to transfer a beneficial interest in the property to his wife. I have just read an article on the internet that states he can do this by passing on a 99% entitlement to the income from the property but only a 1%...

read more
TQOTW: JOINT RENTAL INCOME

TQOTW: JOINT RENTAL INCOME

My husband and I jointly own a rental property, the income of which we declare 50:50 on our Tax Returns. I have been promoted and will be a higher rate taxpayer going forward. Is it possible for my husband to be taxed on a greater proportion of the rental income as he...

read more
VQOTW: VAT MYTHS

VQOTW: VAT MYTHS

Client is adamant that their car dealer has advised them that VAT incurred on the purchase of an electric car is recoverable in full. ❌ Myth! An electric car is no different to a car which runs on any other fuel; input tax is blocked from recovery unless...

read more
TQOTW: EMI & ER

TQOTW: EMI & ER

Over the last few years, my client has been granted a number Enterprise Management Incentive scheme (EMI) options. He has exercised these over the last few years at different times. In this tax year he disposed of all of his shares in the company, will he qualify for...

read more
TQOTW: EMPLOYMENT ALLOWANCE REFORM

TQOTW: EMPLOYMENT ALLOWANCE REFORM

How will the Employment Allowance reform coming into play from April 2020 affect my business? What are the new changes coming into play? With effect from 6 April 2020, employers with a National Insurance contributions (NICs) liability of £100,000 or more, or employers...

read more
TQOTW: FEE PROTECTION INSURANCE

TQOTW: FEE PROTECTION INSURANCE

A business has started paying fee protection insurance. The business has taken out the cover directly with the insurance company. Will it be allowable for tax? Unfortunately, no tax relief is due for such insurance premiums. Business-related insurance premiums are...

read more
VQOTW: PRICE REDUCTIONS AND CREDIT NOTES

VQOTW: PRICE REDUCTIONS AND CREDIT NOTES

My client invoiced for a supply of project management services but the project proved less complex and time-consuming than expected. As a result, as this is likely to be a regular client, he is going to agree that the price should be reduced, and a partial refund...

read more
Studio Roso Testimonial

Studio Roso Testimonial

Studio Roso is a creative studio specialising in permanent large scale artworks, light installations and chandeliers for client across the world.All work is commission based and we work together with clients and client teams to enhance and create feature artworks. For...

read more
VQOTW: EXCEPTION FROM REGISTRATION

VQOTW: EXCEPTION FROM REGISTRATION

My client has been trading as a contract cleaning company since July 2018. The company breached the VAT registration limit early this month, September 2019, under the “backward” rolling 12 month rule. However, the director has been experiencing ill health and is...

read more
December 2019
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Pin It on Pinterest

Share This