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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. For example, consider a company that has a corporation tax liability of £1 million for the 12-month period ending on 31 March 2024.

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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. The audit team should provide a ‘request list’ to the finance team well ahead of each visit, so the applicable documentation can be made available. For instance, the auditor may find that the finance team has provided information that is inaccurate or incomplete.

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Should micro landlords consider incorporating?

Menzies

Menzies LLP - A leading chartered accountancy firm. The move to this business structure was mainly due to changes to tax that restricted the total tax relief that individual landlords could claim on the financing costs of their residential properties. Is now the best time to incorporate?