An ‘adventure in the nature of trade’ ?

Local accountants and tax advisers, Trueman Brown, advise businesses that they need to ascertain whether their business is a trade or an investment as different tax rules will apply Sometimes it is evident that a trade is being undertaken — a plumbing business,...

Ensuring your business assets suffer no IHT!

Local accountants and tax advisers, Trueman Brown, advise business owners to consider Business Property Relief when preparing their wills. Business Property Relief (BPR) is an attractive inheritance tax (IHT) relief potentially providing 100% tax relief in respect of...

Mileage allowances above approved rates?

Local accountants and tax advisers, Trueman Brown, advise local businesses that the actual cost of using of their private vehicles for business purposes may no longer be covered by approved mileage allowances rates. Where an employee uses their own vehicle for...

Getting tax relief on bad debts!

Local accountants and tax advisers, Trueman Brown, warn local businesses that the occurrence of bad debt will increase with the forthcoming cost of living crisis. Bad debts are a fact of business life, and most businesses will suffer a bad debt from time to time. This...