The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid
falling foul of these?
Published 30.04.2019
Salary sacrifice schemes can reduce your tax and save your company NI costs. But depending on the amount and type of income you receive the savings can vary widely. How can you get the best result?
Published 17.10.2012
If your company supplies you with a computer or mobile phone for private use, did you know that the tax rules changed significantly last year? Are you up to speed with the changes to minimise your
personal liability?
Published 12.09.2007
You’ve heard that your company could provide you with tax-free vouchers to meet your (ever-increasing) childcare costs. If this is really the case, how much money could you save?
Published 13.09.2006
You’ve used your company credit card to buy some Christmas gifts and stock up on booze for the festive season. There will be tax and NI to pay if you don’t pay your company back. But how long can you
put off doing this?
Published 27.11.2012
One of your part-time staff has asked for a salary advance to help pay for dental work. You’re happy to oblige, but can you help further by using a loophole in the tax system? And might the same
trick work for you?
Published 03.02.2014
According to a certain major supermarket chain, “every little helps”. But if the little extra in question is credit card reward points or Air Miles collected on your business purchases, will the
Taxman expect you to cut him in?
Published 04.02.2010
There’s a right way and a wrong way for your company to pay for business expenses. Fortunately for one of our subscribers they asked us which was which before they went ahead; it could have cost them
thousands. What’s the story?
Published 15.09.2010
HMRC says that personal credit card charges aren’t tax deductible. So if you use your card to make purchases for your business, and incur interest, does it mean your company can’t reimburse you
without landing you with a tax bill?
Published 29.09.2016