Archive for the ‘Healthcare’ Category

The red Budget briefcase

£2,000 Employment Allowance from April 2014

Posted by Steve Tucker on

Employment Allowance – does this apply to me? From 6 April 2014 businesses will be able to reduce their secondary NIC payments to HMRC by £2,000. But, there are exceptions. If you are carrying out more than 50% of your work in or for the ...

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Tim Godfrey, Partner at Bishop Fleming Chartered Accountants, Torquay

Employment related allowances

Posted by Tim Godfrey on

Helping your employees with employment related allowances There are set agreed amounts which your employees are able to claim in relation to their employment, including any professional subscriptions being paid and a laundry allowance where they ...

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Tim Godfrey, Partner at Bishop Fleming Chartered Accountants, Torquay

Repairs and Renewals or Capital?

Posted by Tim Godfrey on

It can sometimes be problematic to identify whether an asset has been repaired, renewed or replaced. The distinction is necessary to identify whether the expenditure incurred can be treated as a deduction for tax purposes from profits, or ...

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Is this the end of goodwill?

Is this the end of goodwill?

Posted by Tim Godfrey on

Over the years we have seen a large number of care home clients transfer their business into a limited company for good commercial reasons given the risks associated with the sector. One of the by products of this “incorporation” was ...

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