NI has no system for allowing deductions where an expenses payment relates to a mixed business and personal cost; your company has to pay NI on the lot. But is there a way around this rule?
Published 22.12.2010
Your company is a little cash strapped so in order to cut costs you and a co-director have decided not to claim back some of the business expenses you’ve paid for personally. What’s the most
tax-efficient way of doing this?
Published 17.02.2011
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
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
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
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
Recent statistics show that new businesses aren’t taking advantage of the government’s National nsurance holiday scheme. Is your company missing out?
Published 08.02.2012
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
One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful
contract?
Published 04.07.2017