How Is Wealth Measured?

How is wealth measured? Wealth, or net worth, is the value of all assets minus the total of all liabilities. In other words, it is what is owned minus what is owed. For individuals, net worth always identifies the negative net worth of a household by subtracting total liabilities from total assets. Individual households have … Read more

First-Year Allowance.

The First-Year Allowance (FYA) is a tax relief available to small businesses in the United Kingdom. It allows businesses to claim a 100% deduction on certain qualifying expenditure in the year it is incurred. The allowance is intended to encourage businesses to invest in plant and machinery. The FYA is available on a wide range … Read more