Entries by Giles

Tax Tips

October 8, 2019 in , /by

This post is by Giles Ellis, an experienced business coach and Director at GECA Chartered Accountants. GECA offer Accounting & Tax Advice and Business Advisory Services. Inland Revenue have made some rates updates that we thought you might like to know about, these have been outlined below: Motor Vehicles The kilometre rates for 2019 are: […]

How to create a Business Plan in 4 hours – Part 2

September 16, 2019 in , , /by

This post is by Giles Ellis, an experienced business coach and Director at GECA Chartered Accountants. If you need help unlocking your business potential, then Giles can help. Having completed Part 1 of Creating a Business Plan in 4 hours, you will now have a one page template that states your business’s Vision and its […]

How to choose the right business structure for your residential rentals after ring-fencing losses were introduced

August 1, 2019 in , , , , , , /by

  After you buy your first home and accumulate some equity on the property, it may be time for you to climb up the property ladder further. Now, when you are ready to start investing it is extremely important to do it right from the beginning. And the first question that needs to be asked […]

Xero Tips and Tricks: Simplifying Entertainment Expense Accounting

July 12, 2019 in , /by

Nowadays many of our business meetings are held in cafes and restaurants. However, costs associated with these meetings are treated as entertainment and subject to 50% non-deductibility. From an accounting perspective, typically entertainment expenses are treated as deductible during the year and then the 50% non-deductibility is applied as a year-end adjustment when preparing the […]

Tax Updates

April 30, 2019 in , , , , /by

This post is by Sheral Reddy, Associate Director at GECA Chartered Accountants and an experienced CA who specialises in tax and property compliance.    Avoid making loans between companies Avoid making inter-company loans if you are operating two or more companies. Unless the shareholdings in both companies are identical interest needs to be charged between […]