| Losses in a group of companies by A P Ripley & Co |
| Although single companies can normally only carry
losses forward, where there are several companies in a group the losses
made by one company can be set against profits made by other companies
for the same year. Companies are regarded as a group when either 75% of
the ordinary shares from one company are owned ..... |
| Date Article Added:- 26-03-2009 08:25:34
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| Vat problem for house builders by A P Ripley & Co |
| In the present climate where house builders are stuck with properties they can't sell, they may be tempted to rent them out.
However, when building firms rent out newly built homes instead of
selling them, this can cause VAT problems. This is because new
residential properties are zero rated for VAT and ..... |
| Date Article Added:- 26-03-2009 08:25:02
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| 10 ideas to beat the credit crunch by A P Ripley & Co |
| If your
business is feeling the pinch in this general economic downturn, it's
more important than ever to look at what you can do to help your
business. Here's 10 ideas to get you started...
Get paid sooner! Encourage your customers to pay
more quickly, by giving small discounts or just by chasing them
promptly. Send ..... |
| Date Article Added:- 26-03-2009 08:24:24
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| Losses on property lets by A P Ripley & Co |
| In these turbulent times, losses on property lets may be increasing,
so it's worth taking a look at how those losses are treated for tax
purposes, to help get tax relief for any losses.
Where property is held in your own name
If you let a property you own personally, even it was ..... |
| Date Article Added:- 26-03-2009 08:23:51
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| Increase your pension fund value by A P Ripley & Co |
| The recent downturn in world stock markets has
reduced the value of many pension funds. If you are nearing your
expected retirement date you may well want to boost the value of your
pension fund for it to have sufficient future income to pay out the
required level of pension.
One way to boost your ..... |
| Date Article Added:- 26-03-2009 08:23:19
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| Claiming small business rate relief by A P Ripley & Co |
| Are you missing out on a reduction in your
business rates? The small business rate relief scheme (SBRR) can reduce
your business rates by over 50% if your building has a rateable value
of less than £5,000. The SBRR provides smaller discounts in business
rates for properties with rateable values of up to £15,000, ..... |
| Date Article Added:- 26-03-2009 08:22:38
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| Changes to car capital allowances by A P Ripley & Co |
| The Pre-Budget Report has clarified the future tax relief available on the purchase of cars and motorcycles.
Cars purchased by companies from 1 April 2009 (and by unincorporated
business from 6 April 2009) will attract tax relief depending on the
vehicle's CO2 emissions:
Up to 110g/km - 100% allowance in year of purchase Up ..... |
| Date Article Added:- 26-03-2009 08:22:01
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| Losses and falling sales by A P Ripley & Co |
| If your sales have dropped and costs have risen,
you may be making a loss. This is not a disaster, but you should take
action soon to get the best out of the tax system at this difficult
time.
VAT
Where your turnover for the last 12 months has dropped below £65,000
you could deregister for ..... |
| Date Article Added:- 26-03-2009 08:21:18
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| Will you be taxed on your keyman policy by A P Ripley & Co |
| Many small businesses take out keyman insurance policies designed to
pay out on the death or incapacity of a key member of the team, such as
a lead director. The premiums paid for such insurance policies are only
tax deductible as a business expense if all of the following conditions
apply:
the purpose of taking ..... |
| Date Article Added:- 26-03-2009 08:19:47
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| Overdrawn directors loan account by A P Ripley & Co |
| If you borrow funds from your own company or get it to pay personal
bills on your behalf, there could be additional tax bills for both you
and the company unless you repay that money to the company quickly.
Personal Tax
Where the amount you owe to the company exceeds £5,000 at any time
in ..... |
| Date Article Added:- 26-03-2009 08:19:13
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