Income Tax

The Best & Worst of Times…

Given the events of the last week and how COVID-19 is affecting the world I wanted to put out some thoughts about how to manage your business through these unsettling times. I’ve broken this down into 3 sections… The big picture Key questions for...

Taking the trauma out of the tax return

Yes, it’s that time of year again…cue music – “It’s the most wonderful time of the year” I’ve said it before and I’ll say it again: Nobody enjoys doing their taxes. Although, personally, I like one thing about this time of year: I...

Driven to Distraction

One of the things I find most irritating is dealing with cars and businesses. It’s detailed, not particularly obvious, and keeping track of it is onerous. And clients ask me about it ALL THE TIME. So… a perfect topic for a blog post… it lets me...

Write-off – or wrong?

So… here are a couple of things I’ve overheard on buses, trains and planes recently: “He tells me it’s a great investment – you get a complete tax write-off for it.” “My brother started this business last year and he’s paying no taxes...

Free Money From The Government!

OK, that should generate a few click-throughs… Believe it or not, it does exist. But it’s not lying on the ground. And, as a taxpayer, I’m quite glad about that. The government often supports things it wants to promote – eg. health, arts,...