Corporation tax trading losses

Corporation tax trading losses

Corporation tax trading losses allow you to claim tax relief if your business has lost money from trading, the sale or disposal of an asset, or on property income. You can also separate trading losses from profits made on the sale of an asset so the system offers a lot of flexibility to you. You[…]

Employment Allowance – what is it?

Employment Allowance – what is it?

The Employment Allowance can reduce your National Insurance Bill by up to £3,000 a year. Originally launched as a scheme to encourage one-person businesses to take on the first member of staff, it’s one of HMRC’s most utilised tax claims. Modina looks at the Employment Allowance and how it affects your business. First, can everyone[…]

SA302 – what to do now it’s gone

SA302 – what to do now it’s gone

The SA302 has gone. Directors and the self-employed had it so much easier before the financial crisis when they were looking for a mortgage. Remember the heady days of self-certified mortgages up to 125% LTV from Northern Rock? Remember how Northern Rock financed 25-40 year mortgages via 3-month rolling financial market loans? All ancient history[…]

Business protection insurance – what’s available?

Business protection insurance – what’s available?

Business protection insurance – what’s available? No-one ever likes to think about what we’re discussing in this article. However, for your fellow shareholders, directors, partners, and for your family, getting business protection insurance could not be more important. The death of a shareholder, director or partner is a traumatic personal and professional event for everyone[…]