To truly understand what writing down allowances are, we need to first establish capital allowances. In a nutshell, capital allowances are a type of tax relief businesses can claim when they invest in ...

Gratuity is one of the most important components of an employee’s end-of-service benefits, rewarding long-term commitment and loyalty to an organisation. It ...

Discover how capital consumption allowance (CCA) affects economic production, its role as a GDP measure, and its impact on a nation's economic health and growth.

Learn how to report crypto gains correctly. Know how to calculate profits, distinguish gains from income, and file taxes for trading, staking, and NFTs.

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Are you a sole trader with a hefty tax bill? Take these tips to save yourself some money and help your business grow Tax is an inevitable part of running a business – even as a sole trader. However, ...

Fleet operators will benefit from a tax change unveiled in the Government’s 2025 Budget, which introduces a 40% first-year capital allowance for leased vans from 1 January 2026. The move brings leased ...

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The small and medium-sized enterprises (SMEs) would qualify for full capital allowances under a proposal to cut the investment threshold to US $ 250,000, from US $ 3 million, an Inland Revenue ...

The victory of Mayor-elect Zohran Mamdani has drawn national and international attention, as he will be the first South Asian and Muslim mayor of New York City. Mamdani, a democratic socialist, made ...

Working capital is a powerful indicator of the success of your business, and it can give you borrowing power. Many, or all, of the products featured on this page are from our advertising partners who ...