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Business Tax: Property matters

Menzies

Menzies LLP - A leading chartered accountancy firm. Businesses operating within the property and construction sector may have specific needs and requirements that are not commonly found in other sectors. This may include for example complying with the Construction Industry Scheme.

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Guidelines For Deducting Conference and Training Expenses

Ronika Khanna CPA,CA

Eg, the Canadian Institute of Chartered Accountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied. There is an exception with respect to conventions, held in the United States, that are “national in character” which are allowable as a business expense. with a CCA rate of 5%.

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Key Considerations for Profit Extraction for a Surveying Firm

Menzies

Menzies LLP - A leading chartered accountancy firm. Whilst remuneration for employees is a key aspect for attracting and retaining talent within the business, there should also be a remuneration plan in place for director-shareholders and members of an LLP.

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Finance Directors’ Tax Toolkit

Menzies

Menzies LLP - A leading chartered accountancy firm. We’re devised this ‘Finance Directors’ tax toolkit’ to highlight the ways in which Menzies often help large and multinational companies including business tax, employment solutions and innovation incentives (e.g. Why Menzies?

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Apprenticeship Levy – what’s the latest?

Menzies

Menzies LLP - A leading chartered accountancy firm. The levy payment is a deductible cost for corporation tax purposes. For businesses that pay the Apprenticeship Levy, the funds go into an account and the Government apply a 10% top up to these funds. Funds will be taken from the digital account every month.

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EIS and SEIS for Technology Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) provide significant tax incentives for external investment into developing technology companies. The maximum subscription for EIS in any tax year which can qualify for relief is £1million.

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HMOS – DO YOU QUALIFY FOR CAPITAL ALLOWANCES?

Menzies

Menzies LLP - A leading chartered accountancy firm. For more information on how Houses of Multiple Occupancy (HMOs) might qualify you for capital allowances, contact Business Tax Partner Rebecca Wilkinson. Read HMRC’s verdict. More about our Property & Construction Advisory services.