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Filter: Mark Witt

Below you'll find a collection of posts about accounting, business and how we're focussed on our clients success.

Author: Mark Witt
Date: 23rd December 2015
Tags: CashTaxInterest Rates

Cash reserves, interest rates and taxation: Hold enough for business purposes but not too much

Whilst many business owners will recognise the importance of holding adequate cash reserves in a business, especially following difficult economic conditions such as those after the 2008 Financial Crisis, it is vital that they also recognise the potential issues with holding too much cash within a company.

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Author: Mark Witt
Date: 12th March 2014
Tags: Equine

Equine, but not equitable

Miscellaneous income: HMRC now targeting directors’ personal liability. In cases where sponsorship payments have been made by companies to events or teams connected with or run by the directors, it’s becoming increasingly common for HMRC to abandon its enquiries into the company accounts and try an alternative method of recovering its estimated loss of tax.

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