Yin means “shady side”, while Yang means “sunny side”. My husband and I sometimes Yin and Yang – I’m usually the Yang, seeing the opportunity, the upside, the benefits, why and how it could work. Hubby considers the Yin – the downside, what can go wrong, the risks to… Read More
Continue ReadingFrom 1 July 2021 new rules require both parties to a sale and purchase of two or more assets with different tax treatments to allocate the same amounts for each asset. Background to the tax change When buying or selling a business the parties typically focus on the total sale… Read More
Continue ReadingOne of the most impactful books I have ever read was “The 7 Habits of Highly Effective People”, originally published by Stephen Covey on 15 August 1989. In 2017 when my accountancy business restructured I wanted a brand that was meaningful and that reflected my personal philosophy. The name “Q2”… Read More
Continue ReadingA crystal ball would be amazing! Imagine if you could foresee how different decisions and scenarios might play out! If I took that job, chose that degree, dated that person, or made that phone call – how might life/business have turned out? Unfortunately, we’ll never know. Unlike the classic 1998 movie… Read More
Continue ReadingApril and May are taxing times for businesses. For tax payers with a 31 March balance date terminal tax for 31 March 2020 was payable 7th April 2021, and the final instalment of provisional tax for 31 March 2021 is payable 7th May 2021. There is also monthly PAYE payable… Read More
Continue ReadingThe bright line rules have been called a capital gains tax by stealth, designed to tax realised gains on residential property sold within a few years of purchase. The new bright line rules announced on 23 March 2021 apply from 27 March 2021 and are likely to trip many people… Read More
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