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I’m going to assume that we all know what an association is, and for the purpose of this post, I’m concentrating on trading associations owned by all members. The purpose referred to above is suggesting favourable 1. Corporate structure; 2. Trading style; and 3. Tax regime to adopt. CORPORATE STRUCTURE Consider incorporation (ie Limited) if … Continue reading
People often ask where the line is between what can be written off in the accounts as expenses and what qualifies as capital expenditure (spent on fixed assets). A good rule of thumb is applying the 2-year tenure. If what you purchase or introduce into the business will last less than 2 years, write it … Continue reading
Phoenix Debola 