Abstracts - faqs.org

Abstracts

Business

Search abstracts:
Abstracts » Business

Business time-bomb

Article Abstract:

Owners of small businesses in the UK have to complete two sets of tax forms, one relating to the business and the other relating to their own personal finances. There is increased emphasis on up-to-date figures and business owners will no longer be able to send information at a later date from their tax return. Business owners may have problems in keeping records, and those that are profitable are likely to need records in case of an audit. There are also grey areas such as spending that could have a personal benefit as well as being for the business.

Author: Baldwin, Richard, Roberts, I.M.
Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
Tax Management, Small Business, Taxation, Tax accounting, Tax administration and procedure, Tax administration

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


The end of the tax year is nigh

Article Abstract:

UK tax payers should ensure that they are prepared for the end of the tax year. This can be done in a number of ways, such as transferring assets to a spouse with a lower tax liability, and selling shares to use up a capital gains allowance, buying the shares back afterwards. Losses can also be used through this method. Assets can be given away to reduce inheritance tax liability. Pension contributions can also be increased to use the full annual limit.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
Tax planning, Savings

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA



Subjects list: United Kingdom
Similar abstracts:
  • Abstracts: Building an office at home. The office that fits into your briefcase. IBM
  • Abstracts: Expect a setback in September. The day in the life of a market maker. Gonzalez goodbye good for Madrid?
  • Abstracts: Euro fudge. The restructuring of a nation. Germany: higher threshold
  • Abstracts: Siebe. Out of its wheelchair
  • Abstracts: On bizarreness in the entertainment industry. The managerial implications of the learning organization: a new tool for internal marketing
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2023 Advameg, Inc.