Tim Morris provides a first in a series of Tax News updates.

In this edition he draws attention to

• Capital Allowances on Fixed Assets and advises spending before 31 March 2012
• Cars and bicycles and their tax allowances
• Company versus sole trader – an important issue for many of our members
• Tax penalties are getting harsher
• Research and Development is worthwhile
• Childcare vouchers are a good benefit

Read the full report by clicking on here