QUESTION: Before the new road tax changes come into effect in April 2025, we replaced our company fleet with new vehicles in March. Can you provide guidance on the tax relief available for these ...

When a customer actually defaults, no new expense is recorded. Rather, the company reduces both the AR and the allowance account. Investopedia / Candra Huff The allowance for doubtful accounts is ...

As with any income, there may of course be tax to pay HMRC. There is however a dividend allowance, which lets investors or company directors take a certain amount of payments tax-free. The ...