One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful
contract?
Published 04.07.2017
Two directors have been meeting the cost of business expenses out of their salary but they’ve now found out that this could be costing them thousands a year in extra NI. Why is this and what’s the
alternative?
Published 07.09.2011
Once again, the courts have had to step in to make sense of contradictory tax rules; this time on training costs. The judgment gave some useful clues on how you can guarantee full tax relief. What
were they?
Published 16.09.2010
Your company is a little cash strapped so in order to cut costs you and a co-director have decided not to claim back some of the business expenses you’ve paid for personally. What’s the most
tax-efficient way of doing this?
Published 17.02.2011
Whether you’re aiming to expand or are just starting out, buying into a tried and tested business model through a franchise can improve your chances of success. But will the Taxman allow you a
deduction for your investment?
Published 08.02.2012
Keeping your customers happy is a vital part of your business’s success so you might think buying them the occasional lunch should be tax deductible. But the Taxman says “no”! Is there a way around
this?
Published 03.11.2011
If you or your spouse claims motor expenses against income from a separate self-employed business, there is something you need to be aware of. What is it, and if the Taxman picks up on it, how should
you deal with him?
Published 07.06.2007
Owner managers of companies, especially recently formed ones, could be caught in a trap inadvertently created by the job expenses exemption that was introduced for 2016/17. What’s the problem and is
there a solution?
Published 24.11.2016
HMRC has raised a query on your company’s latest accounts regarding the tax deduction claimed for the costs of your sales campaign. It says they count as business entertainment and so aren’t tax
deductible. Is this correct?
Published 30.05.2014
You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the
association’s costs be tax deductible?
Published 09.06.2016