There has been only one rate of corporation tax since April 2015 when the extra rate for profits over £300,000 was finally phased out. This has meant that company owners have not needed to worry about forming multiple group companies for commercial reasons –...
Whether legal fees are allowable or not can sometimes cause confusion for directors of small companies. The general rule is that legal fees which are incurred as part of a company’s normal trading activities (revenue expenses) are allowable as a deduction against...
