There are a number of expenses that a landlord can claim against rental income. We take a look at what can and can’t be deducted from this income source. The good news, You can deduct: Utility bills such as rates, light and heat, phone, refuse collection...
The simple answer is: It depends on your desired outcome/intention. Common structures include the following: Trusts (Bare/Fixed/Discretionary) Family Partnerships Companies TrustsTrusts are generally used on death to take care of minor or incapacitated children or...
Compliance is all the legal things you have to do when you’re in business- Year End Accounts, CRO Returns, Corporation Tax and Income Tax. In the context of financial services businesses compliance operates at two levels; Compliance with the external rules...
We have reviewed some of the ways to extract your hard earned profits from your company. With a limited company structure in place, it will provide you with the vehicle to build up wealth, however there may be an ongoing requirement to extract some of this wealth to...
One of the most common questions that our clients ask us is What VAT can I claim back to reduce my VAT liability? Firstly, we always advise our clients that VAT charged by them is not their money, so park it, open a VAT account and lodge it. Do not lean on VAT as a...
