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 […]
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 […]