Tag Archives: capital allowance

The Accountancy Jargon Cheat Sheet

The-Accountancy-Jargon-Cheat-Sheet

Too many accountants use words and jargon that business owners just don’t understand (and don’t really need to!).  So we’ve put this cheat sheet together so you know what they mean! CT600  = Corporation tax computation. This is the tax return that has to be completed for HMRC, breaking down your accounts and working out […]

What are Depreciation and Capital Allowances?

Depreciation & Capital Allowance

As I talk you through your accounts you will see depreciation in the statutory accounts for Companies House, but when it comes to the corporation tax computation for HMRC it is disallowed, why’s that?   When a company purchases a fixed asset (ie machinery, computer equipment, furniture, vehicles etc) HMRC and Companies House will deal with […]