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
There’s no escaping tax on the benefits-in-kind (BiK) you receive from your company, but a loophole in the rules means that you can delay payment for a long time. How can you take advantage of this?
Published 28.04.2011
You’ve thought about taking up a new hobby - flying for example. However, your existing draw from the company is all accounted for. Could your company pay for it instead? What’s your best option?
Published 16.01.2008
The Taxman is increasingly seeking to charge companies penalties where he finds a technical mistake in their tax returns. But if it was your accountant that actually prepared the return for you, can
you avoid paying up?
Published 08.11.2006
We recently heard from a subscriber who has been doing battle with the Taxman over use of company resources. He reckons that the directors should pay tax for using the company’s software at home.
Does he have a point?
Published 05.01.2010
If you haven’t already filed your 2006/7 personal tax return there’s still plenty of time before the January 31 deadline. However, to avoid rejection what are the top five things you should be
checking before you submit it?
Published 19.12.2007
Where you borrow money interest-free from your company, you can land yourself with a tax bill. But a friend, who’s also a director, tells you that he avoids this by paying interest to his company.
Will this also work for you?
Published 31.10.2011
A colleague collects tropical fish and has let slip that the Taxman is actually footing the bill for his hobby. How is this possible? Is there a loophole you could use to cover your own interests?
Published 13.04.2007
The recent cut in Corporation Tax rates has caught the Taxman on the hop; this might lead to trouble submitting your company’s tax return. What’s the full story?
Published 14.06.2011
As a director the Taxman says you must complete an annual self-assessment tax return. But we’re aware that some directors aren’t receiving these. What’s going on and should you submit a form anyway?
Published 10.07.2009