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Thinking of registering as one? Key points: Membership Participation At least 50% of a club’s members must participate in sport at the club. Registration More information is available on HMRC’s site HERE. (04 April 2023)
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 