There’s a right way and a wrong way for your company to pay for business expenses. Fortunately for one of our subscribers they asked us which was which before they went ahead; it could have cost them
thousands. What’s the story?
Published 15.09.2010
Business entertaining is a tried and tested way to attract new customers or keep the existing ones loyal, but you won’t usually get tax relief for the cost. So is there a tax-efficient way to do it?
Published 20.03.2012
In a recent case the tax tribunal considered an employee’s claim for a deduction from his tax bill in respect of household expenses. It was a mixed result but had the employee been a director could
he have claimed more?
Published 17.05.2011
The Taxman doesn’t allow a deduction for the cost of travel between your home and normal place of work. But one exception to this rule is where the trip includes a business purpose. When can you make
use of this loophole?
Published 17.07.2012
As in many companies, directors are required to use their personal mobile phones to make business calls. What’s the most tax-effective way to get reimbursed for these calls?
Published 01.02.2006
As the company’s sales director you spend a lot of money wining and dining customers. However, HMRC doesn’t allow a tax deduction for this, but there are exceptions to the rule. When do they apply?
Published 13.11.2014
Following a PAYE inspection the Taxman has written saying that he’s going to disallow a director’s claim for travel expenses because there was “duality”. What does he mean by this, and is he right?
Published 26.11.2009
HMRC recently updated its benchmark allowances that apply when directors or employees travel abroad on business. In what circumstances can you pay these and how can they reduce your and your
company’s tax and NI bills?
Published 10.01.2014
If you’re selling your company, the tax rate you’ll pay on the gain will be at the special rate of 10%. But, if you’re feeling generous, by including other family members in the deal you can cut the
tax bill. How is it done?
Published 13.11.2013
HMRC says that personal credit card charges aren’t tax deductible. So if you use your card to make purchases for your business, and incur interest, does it mean your company can’t reimburse you
without landing you with a tax bill?
Published 29.09.2016