Do you need an EORI number after Brexit? What Essex (and all UK) businesses should know now Since the UK left the EU, if your business moves goods between Great Britain and other countries — whether importing or exporting — you will need an EORI number. Post-Brexit,...
Nominating Your Main Residence for Tax Purposes When it comes to capital gains tax, your main residence or private principal residence plays a vital role in determining how much tax you may need to pay. Private residence relief ensures that any gain on selling your...
Local accountants and tax advisers, Trueman Brown, advise local businesses when they should look to incorporate and what the method of incorporation should be. Over the last decade, corporation tax rates for most companies – irrespective of size – have...
Family Member Pension Contributions: A Tax-Efficient Strategy for Business Owners Family member pension contributions can be a powerful and legitimate way for business owners to reduce tax while supporting the long-term financial future of their family. When...
Making a negligible value claim on worthless assets When one of your assets has dropped to a value of essentially nothing, it may be possible to make a negligible value claim and thereby realise an allowable loss for tax purposes. That is, if an asset you own has...
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