In a business determining which expenses are allowable is important, as these items are included in the taxation calculation each year.
Key jargon: Tax deductible. Tax deductible items are allowable in calculating the profit of a business for taxation purposes (where profit equals income less expenses).
Deductibility: General Rule. Generally, expenses that relate to earning income in a business are tax deductible. Private items are usually non-deductible.
Whether you’ve already started working on your business idea, or are just considering self-employment, come along to our business workshop and meet like-minded people.
This practical workshop will take you through the pros and cons of self-employment. Working both as a group and individually, you will gain an awareness of what starting up a business means; to you, your family, and your finances.
Read moreWhether you’ve already started working on your business idea, or are just considering self-employment, come along to our business workshop and meet like-minded people.
This practical workshop will take you through the pros and cons of self-employment. Working both as a group and individually, you will gain an awareness of what starting up a business means; to you, your family, and your finances.
Read moreWhether you’ve already started working on your business idea, or are just considering self-employment, come along to our business workshop and meet like-minded people.
This practical workshop will take you through the pros and cons of self-employment. Working both as a group and individually, you will gain an awareness of what starting up a business means; to you, your family, and your finances.
Read moreWhether you’ve already started working on your business idea, or are just considering self-employment, come along to our business workshop and meet like-minded people.
This practical workshop will take you through the pros and cons of self-employment. Working both as a group and individually, you will gain an awareness of what starting up a business means; to you, your family, and your finances.
Read moreThe RACPD is a leading provider of nationally recognised civilian qualifications to the Royal Artillery, other Service personnel and the wider Defence community including reservists, veterans and dependants. They are also a charity.
Read moreA group of service leavers and veterans are setting their sights on a new career in the media industry, as they prepare to join the Forces Media Academy (FMA) in September.
They will be the second intake of students to embark on the Creative Media Production course at the Academy, which was established last year as part of the Services Sound & Vision Corporation (SSVC).
Director of the Forces Media Academy, Alistair Halliday, said: “The standard of applicants who undertook the comprehensive final selection was very high and their motivation and aptitude for creative media was impressive.
Read moreThis event is being held by the Officers Association in partnership with Recruit For Spouses. The event is open to officers and/or their spouses.
This workshop is a brilliant opportunity to learn how to amend your profile so that it shines to employers and your network contacts. Bring along your laptop and edit as you learn with Lincoln Coutts, LinkedIn expert and Social Media Consultant.
Read moreForces in Mind Trust (FiMT) funded research released today, Tuesday 22nd May, reveals that while nearly a quarter of ex-Service personnel receive unemployment benefit at some point after leaving the Armed Forces, most usage occurs in the period immediately after leaving and is short-term, with only 1.5% continuing to claim the support two years after serving.
The ‘Veterans and benefits’ report, by Dr Howard Burdett of King’s College London (KCL), looks at the relationships between unemployment and disability benefit usage by UK ex-Service personnel, and between social demographics, Service characteristics, mental health (ie Common Mental Disorder (CMD), Post-traumatic Stress Disorder (PTSD)) and alcohol misuse.
Read moreA new tri-service youth participation project which aims to improve support and services for children and young people from armed forces and veteran families living in Scotland has been given the green light today thanks to funding from ABF The Soldiers’ Charity.
The national youth participation project, which will run for 3 years is being launched by Scotland’s Armed Forces Children’s Charity, the Royal Caledonian Education Trust (RCET). The project has been informed by the success of a pilot series of mini-conferences, as well as a number of other ‘listening to the voices of children and young people from Armed Forces families’ initiatives that have been rolled out by the charity in recent years.
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Afghanistan support
In light of recent events in Afghanistan, please find information and support resources here
