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Blog: Your Business

COVID-19 business interruption insurance – Are you due a payout?

Thousands of small businesses across England and Wales may be about to receive insurance payouts from business interruption insurance policies, following a ruling in the Supreme Court. More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments

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Are you making full use of the Government’s COVID-19 financial support package?

As we find ourselves in yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level of support on offer from the Government and local authorities is unprecedented via the various grants, loans and payment holidays now available. To help you make sense

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Is Cloud Accounting Right for Your Business?

Cloud accounting software helps you streamline your business processes, keep accurate accounts and minimise your admin burden. One of the main advantages over traditional accounting software is access to your information. Because your data is now saved securely on remote servers, you can access your financial data anytime and anywhere – provided you have an

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Time to take advantage of tax relief while it is still available for Ltd Companies?

Pensions are one of the most tax-efficient ways to invest, and tax relief continues to be a considerable advantage to the millions building a fund for retirement. As a Ltd Company, Corporation tax relief is currently granted on pension contributions as an allowable expense for business purposes. This rate of relief for most companies will

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Anthony Andreasen

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

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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

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