Yearly Archives: 2014

Wear & Tear Allowance (WTA)

If a property is let furnished - with sufficient furniture, furnishings and equipment for normal residential use – landlords can only claim tax relief for the furniture and equipment by way of the WTA. Prior to April 2013, landlords had the option of claiming the cost of replacement furniture instead.  The WTA is calculated as 10% of the gross rents Continue Reading
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Bake Off Success at Blackstone’s Charity Coffee Morning

Having been inspired at this morning’s CRAIGAVON BUSINESS FORUM meeting about social media, given by Damian Donnelly “THE AD_MAN”, who gave us a whistle stop tour of the dark art of social media, I thought this was too good not to share.  Congratulations have to go to our very own Vanessa McCleary, who not only organised this morning’s meeting but Continue Reading
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VAT accounting schemes

This guide looks at how the 3 main accounting schemes work and how they can help businesses.   Special VAT accounting schemes for small businesses have been available for a number of years, but they are still underused. The 3 main schemes are: cash accounting, annual accounting and the flat rate scheme.   The cash accounting scheme (CA) Cashflow can Continue Reading
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