In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.
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Independent Financial Planning
We have been successfully providing financial guidance to our clients for many years and recommend qualified financial planners who work closely alongside our accountants to provide advice on tax planning, investments and pensions.