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
An employee who underwent training for his job claimed the cost as a tax deduction. HMRC refused to allow it and the First-tier Tribunal agreed with it. What were the tribunal’s reasons and can
training costs ever be tax deductible?
Published 18.04.2016
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’re having your offices repainted and the decorator has asked to be paid in cash. You would prefer not to, but as he comes highly recommended and is cheap you’ve agreed to go along with it. Will
this cause trouble with the Taxman?
Published 05.02.2016
If your company’s board of directors meets at a local restaurant, could the cost of the meal be a tax deductible expense for the company?
Published 11.09.2008
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
HMRC has recently announced changes to the cash basis for accounting taxable profits. What are they and can you take advantage?
Published 20.02.2017
You may have incurred expenses in getting your business up and running before setting up your company but the receipts for these will be in your name. Can the company now claim a tax deduction for
these, and will this affect your tax?
Published 15.10.2009
You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the
association’s costs be tax deductible?
Published 09.06.2016
If you or your spouse claims motor expenses against income from a separate self-employed business, there is something you need to be aware of. What is it, and if the Taxman picks up on it, how should
you deal with him?
Published 07.06.2007