In mid July 2015 the first major reform in years to the expenses and benefits in kind tax rules will become law. What are the changes and how are they likely to affect your business?
Published 08.07.2015
If one of your employees works at home, you can pay them a tax and NI-free allowance to cover their extra household costs. At just £4 per week it isn’t very generous. Is it possible to pay more
without triggering tax and NI?
Published 12.03.2015
These days business lunches etc. are a common expense for most companies. The tax deductibility depends on who’s being fed and why. What are the rules and how can you work with them to maximise tax
efficiency?
Published 07.03.2016
Not every business expense comes with a VAT invoice or receipt. Without one you can’t be sure that VAT has been charged, which usually means there’s nothing you can reclaim. But there are exceptions.
What are they?
Published 11.10.2018
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
Keeping accurate records for business expenses is important as they not only affect your company’s tax position but yours too. What are the requirements for you and your business and what are the
dangers of not meeting them?
Published 11.12.2019
A tax and NI exemption for expenses was introduced on 6 April 2016, but with it came extra rules for employers. Unless you follow them HMRC can hit you with a tax and NI bill, plus penalties. How can
you avoid getting caught?
Published 10.11.2016
Your car was off the road for a long period during which time you borrowed your partner’s. Your bookkeeper says you can claim tax-free mileage for business trips you make in it. Given that it’s not
your car, can this be right?
Published 05.02.2018
One of our subscribers is going to pay his staff an advance to cover travel expenses. He’s getting conflicting advice about the tax and NI consequences. What steps should he take to avoid trouble
with HMRC?
Published 17.05.2019
You’re about to pay over £2,000 for a new PC plus some fancy software. You’ll use it mainly for work but also for private matters. Is it more tax efficient for you or your company to claim tax relief
for it?
Published 03.06.2019