‘The dog ate my tax return’
HMRC reveals top 10 terrible excuses for not filing a tax return on time. HMRC have revealed their latest list of the top 10 worst excuses for missing the 31 January self-assessment tax return deadline: My pet dog ate my tax return…and all the reminders. I was up a mountain in Wales, and couldn't find […]
Make the most of your capital allowances
Doug Perry of Nottingham chartered accountants Clayton & Brewill encourages businesses to take advantage of the current generous limits for capital allowances. Capital allowances help you to reduce your tax bill, by allowing you to write off the cost of purchasing qualifying items against the taxable income of your business. Since April 2014, businesses have […]
Six tips for farmers and rural businesses
Clayton & Brewill’s farm accountancy specialists share six tips to help farmers pay less tax and manage their accounts effectively. Despite the difficult weather over the past three years, farming has generally survived the recent recession well, proving to be one of just a handful of industries to deliver ongoing growth. Against the backdrop of […]
Buy to let landlord – what is my profit?
It sounds like a simple enough question but calculating your trading profit as a buy to let landlord isn’t always easy, and HMRC can be hot on the heels of those who get it wrong. Doug Perry of Nottingham chartered accountants Clayton & Brewill explains the costs that landlords can offset against their tax bill. Capital vs revenue […]