Tax issues on business family succession

Local accountants and tax advisers, Trueman Brown, have some advice for local businessman that are about.to retire and transfer their business to a family member. Owners of successful businesses frequently use companies as a trading medium not least because of the tax...

VAT invoice – what entries are required?

Local accountants and tax advisers, Trueman Brown, advise traders that they require a valid VAT invoice to claim Input VAT. ​When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time of...