Tax Documents
Professionally drafted, regularly updated documents each with its own "how to use" introduction

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Non-audit engagement letter
When you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter (EL) forms the contract for services that you are to provide. In it you should... Read more
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Type: Agreement
Self-assessment checklist
The tax return filing deadline is 31 January following the end of each tax year. Use our checklist to reduce the chances of making any errors.Tax returnsSelf-assessment is the current method of reporting your income and capital gains to HMRC each year. It is easy to make mistakes, especially if you are... Read more
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Type: Checklist
Capital allowances election for fixtures in buildings
When a commercial building is sold the seller and the purchaser can agree to apportion part of the price to fixtures which qualify for capital allowances, i.e. plant, machinery and integral features, included with the property. Where an apportionment is made, subject to conditions and restrictions, they... Read more
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Type: Contract
Fixed asset register
Capital expenditure for accounting purposes doesn't always qualify for capital allowances (CAs) purposes. Use our fixed asset register to keep a record of purchases so that you and your accountant can review them each year.PropertyThe question of whether or not to claim CAs is made more difficult because... Read more
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Type: Form
Flow chart - capital allowances annual investment allowance
Where you purchase plant or machinery for use in your business you are entitled to claim a tax deduction for the cost. This can be spread over many years. However, in a twelve-month period you are entitled claim a tax deduction (capital allowance) for 100% of the cost of assets up to a set amount, known... Read more
DOWNLOAD December 2020
Type: Flow chart
Flow chart - capital allowances short-life asset election
Tax relief on the cost of equipment you acquire for your business is spread overdecades unless your purchases are covered by the annual investment allowance or first-year allowance. However, it's possible, subject to conditions, to accelerate this by making a short-life asset election. Flow chartThe... Read more
DOWNLOAD December 2020
Type: Flow chart
Capital allowances for fixtures in buildings record
Since April 2014 it has been crucial for prospective buyers of second-hand commercial buildings to ensure that the seller has allocated their expenditure on fixtures to a capital allowances pool before the sale. If they haven't, then the buyer won't be able to claim capital allowances on them. Therefore,... Read more
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Type: Form