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Good news for business owners

By Ola Sulaimon Ronzl Accountants BUSINESS owners can claim capital allowance on qualifying plants and machinery. The capital allowance gives relief on the cost on qualifying expenditure immediately or over a period of time. Capital allowance, however, is only available to integral features within the building such as lifts, air-conditioning system, electrical system etc. Business […]
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Good news for those looking to acquire

By Ola Sulaimon Ronzl Accountants THERE are different ways that business owners use to expand their business. One such is acquiring a new business, most times the business acquired is usually assets both tangible such as computers, vans, etc. and intangible such as goodwill. Before 1 April this year, the business owners acquiring these items, […]
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Before the tax year runs out

By Ola Sulaimon Ronzl Accountants THE tax year in the UK runs from 6 April to 5 April and, as we are approaching the start of a new year, Our Northampton accountants have taken a look at tax planning ideas for business owners and individuals to help them save tax. Tax Planning Tips 1. Tax […]
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Taking the offer before it is too late

By Ola Sulaimon IN the UK, individuals that earn income from letting property normally pay tax on their rental income. The tax would be applied on the rental profit rather than the rental income. At Ronzl accounting firm in the United Kingdom, we also support individuals that are trying to take advantage of the property […]
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Solutions to a bad debt

By Ola Sulaimon Ronzl Accountants AT the start of a new year, business owners tend to review last year’s performance and chase outstanding invoices from their clients. Generally, a fully taxable business is entitled to charge VAT on the supply of goods and services they provide to their customers. This would mean they have immediately […]
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TRADING LOSS

Good news for sole traders

Trading loss for sole traders. IT is possible when running a business to make a loss. Ola Sulaimon of Ronzl Accountants explains some of the issues to consider when a loss has been made by a sole trader. 1. Make all the necessary adjustments Losses are derived by deducting trading expenses from trading Profit within […]
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SHARE OPTIONS

The strange world of share options

ENTERPRISE Management Incentive share option (EMI) is an employee share option scheme that has been used by some employers in the UK since 2000. EMI was popular with smaller companies, often dealing with cash constraints, yet still wanting to retain their key members of staff through offering benefits in addition to their remuneration packages. An […]
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Reduce the risks next deadline day

FINALLY, January 31st deadline is gone, and we can all breathe. In this month I would like to remind people about the risk of leaving it too late – perhaps this would make us get the accounts in as soon as possible. * Risk of submitting an incorrect return Lack of time and pressure can […]
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