Your company is getting involved with a local charity. This will include donating the use or transfer of company equipment and employees’ time. As these resources will partly be used for non-business
activity, will the related costs be tax deductible?
Published 03.02.2020
Your company wants to send some promotional gifts to potential customers. Trouble is, you’re not interested in the usual pens and calendars. You’d like to give iPods instead. Will the Taxman let you?
Published 16.07.2008
Christmas is, of course, the season of giving. Not only did you give yourself and your staff some nice presents, but you received a whole stack from third parties too. Could this create a tax problem
for you?
Published 30.01.2008
One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it
personally or for your business to pay?
Published 16.09.2019
Charities rely on donations for their survival. But before you hand over money to your favourite cause, it’s worth considering whether, for tax purposes, it would be better coming from you or your
company?
Published 23.06.2011
Our subscriber’s company needed cash to buy new machinery. His parents were happy to gift the money to help the business. Naturally, he’s happy about this but wants to know whether the company will
have to pay tax on the gift? What’s the answer?
Published 20.09.2022
One of our subscribers gave his company £15,000 cash to help it buy new equipment. The local tax inspector argued that it should have been declared as a taxable transaction on the company’s
corporation tax return. Is he correct?
Published 24.11.2016
What if you employ a family member to do the office cleaning - isn’t it a company expense that you can pay from petty cash? What’s changed recently?
Published 28.03.2007
Directors who have taken out life assurance to financially protect their fellow shareholders in the event of their early death might inadvertently have lumbered themselves with a tax bill. What steps
can you take to avoid this trap?
Published 26.10.2012
While there are no rules to prevent you from shifting income to your children by giving them shares in your company, HMRC can block any resulting tax advantage. Despite this is it possible to work
within the rules and save tax?
Published 23.02.2016