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
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
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
The Upper Tax Tribunal recently ruled out tax deductions for a company which advertised through local sponsorship. What was the trouble and what steps can you take to ensure your company receives tax
relief in a similar situation?
Published 01.10.2013
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
Joining a business or networking club can have benefits for your company, but will you get a tax deduction for the cost of your subscription? One of our subscribers asked the Taxman this and got a
bewildering reply. So what’s the right answer?
Published 10.12.2009
A new tax year starts in April and the good news is that you’ll be able to receive significantly more income taxable at the basic rate. How can you make the most of this when planning how to take
income from your company in 2017/18?
Published 19.01.2017
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
The Taxman allows employees to claim a deduction for expenses incurred in the course of doing their job. As a director you’re never off duty, even when you’re at home, but does this entitle you to
extra tax reliefs?
Published 06.01.2012
If your year-end is approaching, you need to optimise business expenditure to reduce taxable profit. What will the Taxman let you get away with?
Published 10.05.2007