by DEB Chartered Accountants | Jul 30, 2013 | Do You Know
You have to adjust for the amount of stock that you have on hand at the end of your accounting period to arrive at the correct amount of profit. In calculating the stock value it is usually taken at the value at which you bought it at, that is cost. However, if you...
by DEB Chartered Accountants | Jul 30, 2013 | Do You Know
Suffering from a bad debt is not good for any business. However you can obtain tax relief for this. If a debtor is not going to pay, and either the cost of pursuing it is un-economic, or the chance of recovery is remote, then the debt can be written off in your...
by DEB Chartered Accountants | Jul 29, 2013 | Accountancy
In an attempt to increase tax revenues without affecting middle income earners, the treasury introduced legislation back in 2010 that removes the personal allowance of those earning over £100,000. This legislation is still with us, and is affecting more people each...
by DEB Chartered Accountants | Jul 26, 2013 | Do You Know
When you purchase a car the expenditure will qualify for Capital Allowances. Unlike expenditure on machinery and equipment however, expenditure on cars may not qualify for the 100{af331c3cb52abe27a47f1f5b71fb5068c938efb8d5a4e6cddc7f2780f48bb99c} Annual Investment...
by DEB Chartered Accountants | Jul 26, 2013 | Accountancy
If you have not yet made a Will then it is very important that you seriously consider rectifying this. A Will is essential if you are to minimise your Inheritance Tax (IHT) liability, ensure that your assets are distributed as you desire, and make sure that all your...
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