by Martin Craighan | Aug 18, 2023 | Accounting, Budget, Digital Tax, Financial, Salford Accountants, Tax News, Tax Tips
HMRC could withstand cases of a hobby amounting to trading, particularly if losses have been incurred. It is reasonably common for an individual to have a ‘sideline’ activity to their major line of work. The question develops whether that task amounts to a...
by Martin Craighan | Aug 17, 2023 | Accounting, Business start-Ups., Business Startup Tips, Financial, Latest Tax News, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips
Some policies to be familiar with when a company makes a loan to a close company participator or their affiliate. Based on specific exceptions, where a ‘close’ company (see listed below) has actually made a loan, advancement, or a benefit on a participator...
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