business taxation Archives - Page 58 of 87 - Whitefield Tax - Isle of Wight Accountants

Capital allowances – increases and a reduction

by Jessica Garbett | Nov 16, 2018 | ACCA, budget, business taxation

Changes to encourage investment were a theme of the Budget. Temporary two year increase in AIA limit for plant and machinery Companies will be able to claim £1m as AIA for expenditure incurred from 1 January 2019 to 31 December 2020. Special rate WDA reduction from 8%...

Qualifying period for entrepreneurs’ relief extended

by Jessica Garbett | Nov 13, 2018 | ACCA, budget, business taxation, capital taxation

Minimum qualifying period extended from one to two years. Legislation will be introduced in Finance Bill 2018-19 for disposal made on or after 6 April 2019, to increases this minimum period throughout which certain conditions must be met to be eligible for...

Motoring Costs – What Can You Claim, and How Do You Claim?

by Jessica Garbett | Nov 5, 2018 | business issues, business taxation

Claiming for the costs of a car or van is something of interest to many business owners. First, the rules are different for Sole Traders / Partnerships and Limited Companies. Lets start by looking at Sole Traders/Partnerships. There are two choices on claiming...

Autumn Budget 2018 – Our Summary

by Jessica Garbett | Oct 30, 2018 | budget, business issues, business taxation, capital taxation, IR35, personal taxatation, property taxation, PSC

Our initial review of yesterdays Budget, including the news that reverse IR35 will come into the Private Sector from 2020, is now up on our website: Autumn Budget 2018

Proposed Class II NI abolition deferred

by Jessica Garbett | Sep 6, 2018 | business taxation

BBC News are reporting that the abolition of Class II Self Employed NI, set for April 2019, has been scrapped. How much fiscal change this makes isn’t clear – at £2.95 a week it’s not a huge cost, and the proposal was to adjust – read increase –...

Dividend vs Distributions in Specie

by Jessica Garbett | Aug 23, 2018 | ACCA, business issues, business taxation

Looking at in species in relation to company law and reporting. Where a dividend is declared in cash, but satisfied by a transfer of assets, it is called ‘dividend in specie’. This type of dividend falls under Article 34 of model articles for private companies limited...

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Capital allowances – increases and a reduction

Qualifying period for entrepreneurs’ relief extended

Motoring Costs – What Can You Claim, and How Do You Claim?

Autumn Budget 2018 – Our Summary

Proposed Class II NI abolition deferred

Dividend vs Distributions in Specie

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