Posts Tagged: capital allowances

Should I buy a car through my business?

Are you thinking about getting a new car? Maybe the old one has given up the ghost and it’s time for an upgrade? If a new set of wheels is on the cards there lots of options to consider, buy outright, buy on finance, new or second-hand. Another factor in the equation is your business…. Read more »

What expenses can I claim for my business website?

When was the last time you used a phone directory to look for a business or service? If you’re anything like me, it’s just easier to Google for the information and take a look through the websites that are returned. A business that doesn’t have a website is much less likely to get my custom,… Read more »

Where do I find my yearly income figure?

It’s Tax Credits Annual Review time again! What was your yearly income? You have all your financial documents in front of you but there are so many figures, profit before tax, profit after tax, not to mention dividends! Which one do you need? Whether it’s for tax credits or a mortgage application, when you work… Read more »

What start up expenses can I include for my business?

Can I include business expenses before I have any income?  Starting a new business can be expensive, with plenty of costs even before you have made your first sale. When you come to prepare your first year’s accounts for your new business, how do you know which start-up expenses you can include? When is my… Read more »

Are my earnings the same as my profit? How do I know how much money I’ve made?

How much has my business made this year? The big question for all business owners. It feels like it should be very simple – sales less expenses surely equals profit. Yet somehow when you get your accounts back there are so many different figures, drawings, dividends, directors account, profit, taxable profit and all different. Not only that,… Read more »

What are capital allowances all about?

You are busily filling in your business tax return doing fine with the income and the expenses but suddenly you are brought to a grinding halt in confusion. Capital allowances, what are they all about? Will I miss out if I don’t have them? How do I work them out? Quick find an accountant! Capital… Read more »