weighing up LLPs

A limited liability partnership (LLP) is similar to an ordinary partnership in that a number of people or limited companies join together and share the costs, risks, and responsibilities of the business. They also take a share of the profits and pay income tax and NICs on their share [...]

can we deduct entertaining expenses?

The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure is incurred for businesses purposes does not make it deductible. Subject to certain limited exceptions, no deduction is allowed for business entertaining and gifts in calculating taxable profits. what counts [...]

HMRC scam – please be aware

We recently received a call from a concerned client who advised they had received a call from someone claiming to be from the HMRC Debt Recovery Team regarding some historic debt that was owed. They were threatened with all their assets being frozen and that extortionate legal fees which [...]

Receive our newsletter to keep you up to date on any developments in the support for businesses during this time, we also cover a whole host of tax and accounting insight that will help you.