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With relatively low interest rates on cash deposits, some companies are looking to invest their spare cash elsewhere, especially if investing in the company's own operations is not desired or feasible. Sometimes investing in another company can offer a better return on capital compared with reinvesting in one's own company. C ompanies also lend to each other not only for investment purposes but for tax efficiency. There are circumstances in which lending funds one company to

The tax code is fundamental to the operation of PAYE. An employee’s tax code provides the employer with the information needed to deduct...

When renting out a property it is usual to take a deposit from the tenant to cover the cost of any damage to the property by the tenant. A deposit of this nature may be referred to as a security deposit, a damage deposit or a rental deposit. The landlord may also ask for a holding deposit in return for taking the property off the market while the necessary paperwork is undertaken. It is important than the landlord understands how this should be treated for tax purposes. Tenan