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
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
The Taxman has recently published his revised list of “benchmark expenses” for overseas business trips. On the face of it this is just a time-saving concession. But can you convert them into a
tax-free benefit?
Published 26.11.2010
With petrol prices sky high, public transport might be a cheaper option for certain business journeys, especially with a discount card. But what will the tax position be where this also entitles you
to cut-price tickets for private travel?
Published 31.05.2012
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
You’ve probably heard of the Taxman’s Mileage Allowance Payments Scheme (AMAPS) for directors and employees. But did you know you could also pay this rate to your contractors, possibly saving you
both a little tax? How does it work?
Published 18.09.2009
Your employees’ subsistence expenses claims have been getting out of hand so you want to set a fixed rate. The figure you have in mind is higher than HMRC’s suggested amount; does this mean PAYE tax
and NI are due on the excess?
Published 27.11.2013
Your client has decided your work is caught by the off-payroll rules. This means PAYE tax and NI contributions are deducted from the fees it pays you. But could it increase your tax further by
reducing relief for your business travel expenses?
Published 06.10.2021
Owner managers of companies, especially recently formed ones, could be caught in a trap inadvertently created by the job expenses exemption that was introduced for 2016/17. What’s the problem and is
there a solution?
Published 24.11.2016
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