Calculating trade income: Companies

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Calculating trade income: Companies by Mind Map: Calculating trade income: Companies

1. GAAP

1.1. Provisions

1.1.1. FRS 102

1.1.2. Tax rules

1.2. Bad debts

1.3. Accruals basis

2. Capital expenditure

2.1. New assets

2.1.1. Build website

2.1.2. Initial franchise fee

2.1.3. Incidental expenditure

2.2. Improve existing assets

2.2.1. Modern materials okay

2.2.2. Special rules for integral features

2.3. Structure of the business

2.3.1. Share capital

2.4. Add back

2.4.1. Capital allowances?

3. Wholly and exclusively

3.1. Other activities

3.1.1. Property business

3.2. Other companies

3.3. Not commercial

3.3.1. Management charges

3.4. Dual purpose

3.4.1. Benefit individual

3.4.1.1. Sponsorship

3.4.1.2. Salary for family member

3.4.2. Donations

4. Specific tax rule

4.1. Relief denied

4.1.1. Entertaining

4.1.2. Gifts

4.1.3. 15% Car hire

4.2. Relief delayed

4.2.1. Pension accural

4.2.2. Interest paid late

4.2.3. Salaries paid late