An example may illustrate the answer to this question.   Harry updates his iPad and decides to sell his old one – he does not use the iPad for his employment or any business, it’s used purely for recreational purposes. He sets up an account on eBay and manages to sell for a reasonable price. Encouraged, he sells a number of other, no longer used, personal items on the

  In the recovering economic climate more and more people are setting up their own businesses. Most people are attracted by being their own boss, having flexible working hours, and controlling their own destiny. However, with 50% of all businesses failing in their first year, and only 5% making it to their fifth, how do you give your business the best chance of survival?   What follows are my top

  If you own a Small or Medium sized company have you considered making a “Research & Development” (R&D) claim to help reduce your corporation tax liability or potentially generate a cash tax refund? If not, then you should because these companies can qualify for tax relief of up to 225% on R&D expenditure. R&D expenditure is simply your business’s ordinary overheads, such as wages and utilities, consumed whilst innovating

Is my business too small for a tax saving scheme? We’ve all seen the headlines recently about various individuals and organisations being investigated for potentially evading tax. But are there any other legal means of reducing your tax liability? Well just as no-one can be accused of “evading tax” by investing in their ISA, there are several other Government backed options open to businesses of all sizes that can help

Should you own your investment property personally or via a limited company? Many of you will own or plan to own, one or more investment properties as part of your overall wealth portfolio, providing you with both current rental income and a future capital asset. But should these properties be owned in your personal name, or via a company that you own? The decision as to which structure to use