A colleague has told you that instead of discounts from his suppliers he’s asking them for extra items, free of charge. He reckons that as these have no cost he can take them out of his company
tax-free. Is this something you could do?
Published 03.12.2009
If your business is relocating to a more expensive area, or you’ve got your eye on a property that’s just out of your price range, is there any way in which your company can help with the finances
without triggering a huge tax bill?
Published 29.03.2010
Whether you’re interested in sport or not, the world will have its eyes focused on the UK this summer. This will no doubt include a good many of your employees. How can you turn this potential
distraction into a tax-free benefit?
Published 02.05.2012
Where your company pays for improvements to property which you own, this counts as a taxable benefit for you even if the business occupies and uses the building. How can you defer and possibly reduce
the tax bill?
Published 22.07.2011
If a job becomes redundant it might be more than the worker you no longer need. The tools they used for their job may also be surplus. If you give these to the employee as part of their redundancy
package what will the Taxman say?
Published 17.10.2012
Do you want to get some cash out of the company tax-free? You could hand over the keys to your family’s second car in exchange for cash, and keep using it. But will having more than one company car
land you with a big tax bill?
Published 09.04.2009
One of our subscribers came up with a neat plan to dodge the benefit-in-kind (BiK) rules when transferring assets from his company. He reckoned that by passing them direct to his wife he could save
both tax and NI. But was he right?
Published 15.06.2010
It’s time to think about replacing your company car. What price will the Taxman expect to see you pay, if you decide to buy the car from your company instead of trading it in?
Published 02.02.2006
In anticipation of another scorching summer you’ve used company cash to buy three mobile air conditioning units for your home. You realise that there will be tax and NI to pay on this perk, but how
can you minimise it?
Published 03.06.2019
Following a recent announcement, the Taxman can no longer deny you a tax deduction for an iPod. What’s happened, and how can you take advantage of this?
Published 11.05.2007