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For the latest support and advice for businesses affected by Coronavirus, visit our dedicated Covid-19 hub.
All other blogs and events can be found below, keeping you informed about what’s going on at Harold Sharp and in the business world.
Business expenses – what can I deduct?
In order to be deductible as a business expense for direct tax purposes the item must be ‘wholly and exclusively’ for the purposes of the trade being carried on. This is a simple enough definition but has led to large numbers of tax cases over the years. The key is to...
8 Xero time-savers to free up your summer
As we begin the first unrestricted Summer for a number of years, we all want to maximise the amount of time available outside of work. With that goal in mind, we’ve highlighted several ways to make your bookkeeping and accounts process less time-consuming. Of course,...
Are you struggling with your tax bill? Help is at hand
As we come out of the coronavirus pandemic, the various support packages which were available to individuals and businesses during this difficult time are fast becoming a thing of the past. It can therefore be easy to forget that there remains a more general support...
Enterprise Investment Scheme – Capital Gains Tax Exemption
This week, in the last of our three-part series on the valuable tax reliefs available from EIS investments, we look at the capital gains tax (CGT) exemption. Conditions for the exemption to apply In order to get the CGT exemption, the taxpayer must have been eligible...
How to make the most of reporting in Xero
This month we’re focusing on the most critical app of all… your actual accounts app, Xero! We get a lot of questions about getting information out of Xero, given all of the valuable information that’s submitted. So, we thought it might be helpful to provide a whistle...
Enterprise Investment Scheme (EIS) – Income Tax Relief
In our last Tax Tuesday, we considered EIS reinvestment relief (linked here) whereby an investment in shares in a qualifying EIS company can be used to defer a capital gain so it only ultimately comes into charge on the sale of the EIS shares themselves. This week we...
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