Blog: Specialist Tax

Anthony Andreasen

November 5, 2014

AVOIDING A TAXING CHRISTMAS

By Anthony Andreasen, director at RMT Accountants & Business Advisors While the temperatures have generally stayed on the warm side of balmy during October, the arrival of both shorter days and enormous amounts of festive merchandise in Tesco’s can only mean that Christmas is on its way. While the tax implications of the season of

October 17, 2014

Tax breaks for charitable giving

There are a wide range of tax reliefs available for charitable giving. However, to obtain the reliefs, make sure the charities are registered. This article considers some of the most popular reliefs available and includes details of the forthcoming changes proposed by HMRC.

Capital Allowances

Capital allowances permit businesses to write off the cost of capital assets, such as plant and machinery, against their taxable income. They take the place of commercial depreciation, which is not allowed for tax. Annual Investment Allowance (AIA) For the period up to 1 January 2013 the first £25,000 of the year’s investment in plant