Category Archives: Business Tax

Deductible Business Expenses

Business Expenses – don’t we love them!

In fact, many people love them so much because they think they get something for free. That’s a big mistake because business expenses still come out of the business’ pocket. Neither are they taken ‘off tax.’ Rather, it’s taxable (gross) income and revenue that are reduced by the amount of the expenses. Tax is then calculated on the smaller final amount.

Another general confusion seems to persist around two different types of expenditure, READ MORE

Companies House & Corporation Tax

This article provides an overview of both, Companies House and Corporation Tax as these two go together. Companies are incorporated first, and then they become liable for Corporation Tax with all the additional obligations this implies.

Companies House

By law, all businesses in the United Kingdom that are incorporated must be registered.

Companies House is the Registrar of Companies for READ MORE