Capital Allowance: is a practice of allowing a company to get tax relief on tangible capital expenditure by allowing it to be expensed against it annual pretax income. They are treated as another business expense and so reduce your taxable profit within the basis period. It’s an expense, but because it is non-cash, it is often effectively a tax write-off.…
Managing a business’s assets as an entrepreneur can be needlessly overwhelming. This can be made easier all year round with a simple and well-organized asset register template. What’s an asset register? An asset register basically shows the asset the business owns. It details the value of assets, date of acquisition (and of disposal) and other details necessary to compute for…