Last updated on April 13th, 2015 at 01:48 pm
At the time of writing there is a threat by the Fire Brigade Union to hold a strike over a dispute about pension rights. Now then, this article is not about the rights and wrongs of the dispute (each reader will have their own views about the pensions proposals by central government).
You may be wondering what you should do in the event of a fire during the strike period and basically, although there may be a delay in the response by the emergency services if you are unlucky enough to have an outbreak of fire you should still ring 999 yourself unless told otherwise by publicity from your local fire service.
One thing that you can do as a small business is something that you need to do on a regular basis anyway and carry out some basic checks of your fire prevention and procedures.
Preventative Checks
The preventative checks that you can carry out include Continue reading
Last updated on April 13th, 2015 at 01:48 pm
As you know if you run a small business, you can deduct expenses that are incurred “wholly and exclusively” for the purposes of that business when when you are working out the profits of the business so that you know how much tax to pay at the end of the year.
However, what you may not know is that to be deductible as an expense, the item in question must be “revenue expenditure” rather than “capital expenditure”.
Whats’ the difference you may be asking, after all if you spend money on the business surely that is an expense and you should be able to get tax relief on it? Continue reading