December 2017 Newsletter

Please click on the following link to view our monthly accounting/tax newsletter for December 2017:

December 2017 Newsletter

We would like to highlight the following articles in this month’s newsletter:-

Lower Company Tax Rate – the December 2017 newsletter discusses the government’s view on the eligibility of small companies to access the lower corporate tax rate.  Following are two important points that have been recently debated upon:-

  1. Passive Income – do small companies that predominantly receive passive income such as dividends and interest qualify for the reduced corporate tax rate; and
  2. Carrying on a Business – is a small company carrying on a business? We will advise you accordingly regarding this, but please do not hesitate to contact us if you have any queries or require any further information.