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Pre-start up expenses

27th November 2019

Your plan is to start a business. So, you start preparing by buying tools, equipment and stock before the business actually starts. These are usually known as pre-start up expenses. You may have a hobby which you realise you can turn into a business. ... [Continue Reading]

Mortgages if you run your own business

13th November 2019

Running your own business, whether self-employed, as a partnership or through a limited company seems to cause problems when it comes to obtaining a mortgage. This is particularly relevant to anyone who hasn’t been in business for a long time and ... [Continue Reading]

Company cars – electric and hybrid

30th October 2019

Company car tax charges are changing from April 2020. It’s definitely worth looking at the new rules and possibly delaying a vehicle change until April. Any car powered wholly by electricity will have a zero tax charge from April 2020. That’s a ... [Continue Reading]

Business property relief

24th October 2019

Business property relief is an important and valuable Inheritance tax relief that can reduce the value of relevant business property when it is transferred either in life or death. It was introduced in 1976 in response to the growing number of ... [Continue Reading]

Flat Rate VAT

16th October 2019

Which is best – Standard VAT or Flat Rate VAT (FRS)? Simple, but not very helpful, answer is, “It depends” How do the two schemes work? With standard VAT, you charge VAT on your sales and pay this over to HMRC. Before paying the money to ... [Continue Reading]

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Pre-start up expenses

Mortgages if you run your own business

Company cars – electric and hybrid

Business property relief

Flat Rate VAT

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