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
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 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
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
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
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
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
You took out a personal loan to buy your company’s business premises and you’re claiming tax relief on the interest. So far so good, but the Taxman suggests there’s a way you can cut both your and
your company’s tax bill further.
Published 01.05.2012
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
You’ve just received a hefty bill from your accountant for advice on setting up your company and dealing with associated tax matters for the directors. Can the company claim a tax deduction for the
whole amount or are there restrictions?
Published 28.05.2013