Business Information
Tight CGT reporting deadline for residences
February 5, 2023Contrary to popular belief, the profit you make when you sell your home, or a former home, is not automatically exempt from CGT. This tax exemption applies to gains that relate to periods in which you lived in the property as your main home. However, it can be extended to certain periods when you were
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Elect in good time
February 5, 2023Events don’t always turn out as expected. For example, you may need to wait for a later profit or loss to arise before you can judge whether it’s right to elect to use losses in an earlier year. This is why the law allows you extra time, after you have submitted your tax return, to
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Next step your business
February 5, 2023If you are wondering whether, or when, you should dispose of your business, a sensible first step is to form an outline plan. The sale of a successful trading company will generate a capital gain. This would normally be taxed at 20% after deduction of your annual exemption, which is £12,300 for 2022/23, but only £6,000
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Our Latest Newsletter
June 26, 2022The Summer is firmly here and so is our latest newsletter with articles about personal and business matters. Merranti Accounting Newsletter summer 22 If you have any questions about the articles then don’t hesitate to contact us anytime.
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Back To The Future?
June 26, 2022Back To The Future? It is a tough time for both families and businesses, with higher prices and staff shortages causing difficulties that are witnessed every day, from supermarkets to airports. Those under fifty will struggle to remember such difficult economic times, with inflation at a 40-year high. On 26th May, the Chancellor announced the
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Merranti Accounting Expands into Croydon
March 26, 2022We are excited to announce that we have completed the acquisition of CTA Accountants and Consultants Ltd based in Coulsdon Surrey giving us a base to expand into the Croydon area. Specialising in Restaurants and Takeaway venues the business has been trading for in excess of 25 years, with long-term clients who are used to
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Selling your business
December 7, 2021Selling your business If you are wondering whether, or when, you should dispose of your business, a sensible first step is to form an outline plan. The sale of a successful trading company will generate a capital gain. This would normally be taxed at 20% after deduction of your annual exemption (£12,300 for 2021/22). Business
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Facts about exporting goods to EU
July 19, 2021Facts about exporting goods to EU- The rules and paperwork required to export goods to EU countries have become much more complicated. As an exporter, you need two EORI numbers: a UK EORI number to include on export paperwork and an EU EORI number for your transport provider and freight forwarder to accept the shipment
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Tax Deferrals are coming due
November 30, 2020At the start of the coronavirus pandemic, the UK Government gave individuals and businesses the option to defer, until 2021, payments of Income Tax due by 31 July 2020 and VAT due in the period 20 March to 30 June 2020. In both cases, you could pay the tax or VAT by the original due
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Covid Government Scheme Report
November 19, 2020REPORT RELEASE: Merranti Accounting has just released their free latest report on the schemes being offered by the Government. A 12-page document that will list and explain in detail on all the potential benefits that are being offered by the Government. Get your copy here
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