The hobby that turned into a small business unfortunately never took off. In fact, so far it’s made a small loss and left you stuck with some hardly-used equipment. Is there any way you can profit
from this loss?
Published 11.11.2009
You’ve been spending your own money with the aim of creating a business, but you expect it to take a while to get going. In what circumstances can you claim a tax deduction for this and what’s the
most tax efficient way to do it?
Published 16.04.2013
Once again, the courts have had to step in to make sense of contradictory tax rules; this time on training costs. The judgment gave some useful clues on how you can guarantee full tax relief. What
were they?
Published 16.09.2010
Keeping your customers happy is a vital part of your business’s success so you might think buying them the occasional lunch should be tax deductible. But the Taxman says “no”! Is there a way around
this?
Published 03.11.2011
In your role as a director having a good assistant is invaluable. But if your company can’t or won’t pay them, can you? If you pay them direct, can you claim tax relief for the expense?
Published 27.05.2016
If your business suffers a robbery or other theft of cash/goods, will the Taxman give a deduction for any loss suffered? What do you need to do to make the best of this unfortunate situation?
Published 30.03.2006
Expenses incurred in setting up a new business can be treated as if incurred on your eventual first day of trading. However, if you’ve an existing business why can’t you claim those expenses right
now?
Published 22.05.2008
You’ve incurred some expenses partly for business and partly for personal reasons. Exactly how much will be allowed for tax? The Taxman’s view is contained in his “duality of purpose” doctrine. What
do you need to know?
Published 11.05.2006
The tribunal recently considered how much, if any, of a sponsorship payment made by a company was tax deductible. The judgment includes pointers on how to ensure you’ll get a deduction. What are
they?
Published 25.10.2012
Two directors have been meeting the cost of business expenses out of their salary but they’ve now found out that this could be costing them thousands a year in extra NI. Why is this and what’s the
alternative?
Published 07.09.2011