The Court of Appeal ruled that the sums paid by a company in sponsorship didn’t qualify for a corporation tax deduction. What was the problem and how can you avoid falling into the same trap?
Published 28.10.2014
Your son’s mini-rugby team wants to tour at the end of the season. They’re looking for sponsors to help with the costs involved. How much can your company “help” and what will the Taxman allow you to
get away with?
Published 12.03.2008
These days you can form a company with just a few clicks of the mouse and payment of £18 to Companies House. But what are the key steps directors should take next?
Published 14.09.2012
HMRC is known to closely scrutinise tax deductions claimed by owner-managed businesses for sponsorship costs. What is it looking for and what steps can you take to ensure you don’t lose out on tax
relief?
Published 12.10.2016
Where a company buys a personalised plate for a director’s car, the Taxman says this counts as capital expenditure and so isn’t a tax deductible expense. But there’s an alternative method of claiming
tax relief. Is your company missing out?
Published 14.09.2012
Your company’s financial year is drawing to a close and your director’s loan account is in the red. This will trigger a tax bill, so your accountant advises taking a bonus to clear the debt. But how
should you calculate this and when should it be paid?
Published 07.12.2010
The headlines talked about massive national debt and 50% income tax rates to pay for it. But as usual the small print contains much more that you ought to be aware of. So was it a good budget for you
and your company?
Published 15.05.2009
Charities rely on donations for their survival. But before you hand over money to your favourite cause, it’s worth considering whether, for tax purposes, it would be better coming from you or your
company?
Published 23.06.2011
The Chancellor’s Pre-budget Report announced help for companies hit by tough trading conditions. But his apparent generosity is not all it’s cracked up to be. What can you do as a company director to
make the most of a bad situation?
Published 23.04.2009
When the current financial troubles have settled you want to sell a few company assets to raise cash. You’re considering assets ranging from a van to an antique desk. Which should you sell for
maximum tax efficiency?
Published 07.07.2020