Losses and Tax relief

Losses and Tax relief. Remember that you can offset trade losses against any other income, including rentals, in the same tax year to reduce your tax liability.

HMRC Anti Money Laundering Scheme (AMLR)

If you receive any large cash deposits into your business remember you have a duty to check the ID of the person in question as well as the origin of their money and if you have any doubts about your findings to report this to either PMC or HMRC.