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Super-Deduction Substituted by Full Expensing

Menzies

Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments.

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6 Trends That Are Shaping the Future of Tax and Accounting

Accounting Insight

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. The EU will require green energy and carbon footprint financial reporting in 2023, and the US will require it by 2026.

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Navigate tax season with these resources for accountants

ThomsonReuters

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Make life easier and help you stay ahead of the game with the Tax Season Toolkit.

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Super-Deduction Replaced by Full-Expensing

Menzies

Menzies LLP - A leading chartered accountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available.

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A guide to effective investments in equipment for manufacturing companies

Menzies

Menzies LLP - A leading chartered accountancy firm. You have identified the new piece of equipment your business needs, it’s worth pausing to consider the best way to structure the purchase and tax can play an important role in the determining the best option for your business. – Should surplus cash be used?

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Manufacturing: Spring Budget Predictions & Wish List

Menzies

Menzies LLP - A leading chartered accountancy firm. Corporation Tax A reduction in the headline rate of corporation tax to support UK business in a challenging economic climate. What could we expect to see from the Spring Budget 2024?

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What are countries doing to implement OECD’s BEPS Pillar 2.0?

ThomsonReuters

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. global minimum tax regime.