I have a sole trader with a year end date of 31st July and he has now changed at his year end to a partnership with his wife.
The recent tribunal case of Mr Vaines v HMRC (TC02965) dealt with whether a deduction from trading profits was allowed under the ‘wholly and exclusively’ principles, for an out of court settlement
One of H4L' s core objectives is to try to keep people out of Court, yet still reach a just settlement.
As HMRC’s consultation on partnership/LLP taxation draws to a close, BDO’s Colin Ives calls on AccountingWEB readers to have their say on this important issue.
My brother owns a new company that will be selling phone cards and needs me to be Director of Operations with a wide range of duties. I do not want to work as a salaried staff and I am considering
Father and son have a partnership for a commercial property they let out and own 50/50. I act for the son in his own business, and I'm just about to file his 2011/12 SATR.
A Limited Liability Partnership registered in UK owns 30% of equity of a foreign Limited Liability Company, let’s call them RF1.