by DEB Chartered Accountants | Aug 22, 2013 | Accountancy
Trading whilst in an insolvent position is an extremely risky situation for Directors. If the directors of a business continue to trade when they know that the company is unable to pay its debts they could be exposed to personal liabilities (and possible prosecution)...
by DEB Chartered Accountants | Aug 16, 2013 | Accountancy
It would appear that the answer to this is when it is a debt used to obtain some form of Inheritance Tax (IHT) advantage. Changes announced by the Budget 2013, when implemented, will have a significant effect on Inheritance Tax planning. The proposal is to disregard...
by DEB Chartered Accountants | Aug 15, 2013 | Do You Know
Normally the cost of cleaning workwear is tax deductible for an employee or self-employed person. This is particularly the case where the provision of the clothing or workwear is tax deductible also. The cost of normal clothing however, including gents and ladies...
by DEB Chartered Accountants | Aug 1, 2013 | Do You Know
If your business requires you to work away from home and there is a need to stay away overnight, there are expenses that you can claim as tax deductible. These include accommodation costs such as hotel bills and meals. If the cost of these is borne by the worker and...
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