Nick Forsyth looks at the potential problems as we (hopefully) approach the end of the pandemic With the vaccination programme showing some light at the end of the tunnel, we might see some normality returning to our lives and work patterns as the summer approaches...
During my years of dealing with related businesses (majority being group companies) the concluding meeting point on finalising the end of year financial statements is sometimes ‘what management charges should we apply?’ To have this as a final adjustment within the...
HMRC charges interest on underpayments of tax, and pays interest (repayment supplement) on overpayments. The rate of interest paid on overpaid tax is lower than the rate charged on underpayments, and interest rates are adjusted frequently in line with commercial...
Expenses Expenditure incurred before the company year-end might reduce the current year’s tax liability instead of next year’s. Bringing forward expenditure by even a few weeks on, for example, building repairs, advertising, sales and marketing campaigns,...
