Like most directors, you use your home phone to conduct business. The company meets all or part of the associated costs. What tax pitfalls need you be aware of in such a situation?
Published 19.12.2007
Your kids do the majority of their homework on your one and only computer. You’d like to buy them both wireless-enabled laptops so that they can work, surf and research in their own time. Can you get
the company to pay for them?
Published 22.10.2008
If you work at home you should claim the extra costs of running an office there. But how much? The Taxman has published his view on the tax-free status of such expenses. What do you need to know?
Published 28.03.2008
The tax tribunal recently considered the rules that apply for working out income tax and NI where a director has personal use of a company asset. The taxpayer won, but can you rely on this victory to
save you NI?
Published 08.06.2010
The Taxman’s requesting your personal credit card records. As they have nothing to do with your company can’t you show him the red card?
Published 04.07.2007
In a recent case the tax tribunal considered an employee’s claim for a deduction from his tax bill in respect of household expenses. It was a mixed result but had the employee been a director could
he have claimed more?
Published 17.05.2011
Before your company started trading you incurred some expenditure, e.g. on office equipment. Can you now deduct these expenses and if so what sort of supporting evidence will the Taxman expect?
Published 20.12.2006
The Taxman’s recently changed his mind on what you can claim for working from home. What’s the latest and how can you still maximise your claim?
Published 21.12.2005
You’ve been told that employee training costs are allowable if incurred wholly and exclusively for the benefit of your business. If it’s you who wants to undertake the training, what’s your and the
company’s position?
Published 28.03.2007
Apart from salary you might need some cash from your company to meet future out-of-pocket business expenses. But if you use some of it to pay for, say, a night out with your other half, will it land
you with a tax bill?
Published 18.03.2011