Wouldn’t it be nice to have your own place in the sun and escape there every so often when the going gets tough. And wouldn’t it be even better if there were tax relief on the running costs; the idea
is not as far fetched as you might think.
Published 06.07.2010
You’ve heard that a company can be faced with a tax bill for having its directors’ tax returns done free of charge by the company’s advisors. Can this happen and, if so, what can you do to avoid it?
Published 29.03.2006
During 2013/14 one of your suppliers treated you to a day at the races. Now that you’re in the process of completing your company’s P11D for that year are you required to report the outing to HMRC?
Published 23.06.2014
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
Several years ago you pumped some personal cash into your company, but now you could do with a chunk of it back. Your accountant has warned that this could lead to a tax charge. Why, and how can you
avoid it?
Published 25.11.2011
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
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
It’s been a tough year for your employees and more so for the directors. But things have eased a bit and you want to say thanks with a little something for Christmas. But will this come with a tax
bill?
Published 26.11.2009
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
A colleague has told you that he’s getting his company to pay his daughter’s university tuition fees this year and saving NI into the bargain. Is it really this simple? Surely there must be a catch?
Published 06.12.2006