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This Much I Know

Lessons learned from experience
Know the Business in depth
It sounds logical but it can be surprising how often this is either overlooked or done superficially.
Very early in my career I had to prepare the CT computation for a film processor. At this time with 52% corporation tax 100% first year capital allowances were available on qualifying plant and machinery.
This particular client had erected a lockable metal shed with a reinforced metal floor on the roof and the audit file stated no capital allowances available.
Having worked with chemicals in the past it occurred to me that such a shed would most likely be used to store inflammables...

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