You son, who’s at university, wants you to pay for his driving lessons. It will cost around £1,000 to get him through his test. Would putting it through your company be a cheaper and more
tax-efficient option than paying for it personally?
Published 27.05.2016
Where you use your personal credit card to pay for business expenses, simply claiming these back from your company might mean that you’re losing out on a valuable tax deduction. Why, and what can you
do to put it right?
Published 18.03.2011
Your company’s last financial year showed a large number of small bad debts. The amounts involved don’t warrant chasing the non-payers. Will HMRC allow a tax deduction for these or are further steps
required?
Published 05.06.2015
Your company’s financial year ends shortly and the management accounts show a higher than usual number of bad debts. However, HMRC’s rules won’t allow tax relief for all of them. What steps can you
take to improve the situation?
Published 06.03.2023
Interest rates on savings are currently derisory, yet your business is paying through the nose for its overdraft facility. Can you use your personal money to save your company costs and generate
tax-efficient income?
Published 31.03.2017
A subscriber’s company stopped trading a while ago showing a loss on its balance sheet. A couple of years later it’s still there. Is this the end of the line for these losses or can some tax relief
be salvaged?
Published 03.11.2011
Many businesses’ accounts are now showing signs of the recession in the form of bad debts. Getting tax relief at the earliest possible stage can help to reduce the pain. What can you claim for and
when?
Published 15.10.2009
If you include the running costs and associated expenses of your hobby in your accounts as “advertising sponsorship”, what can you do to increase your chances of getting this past the Taxman as
allowable?
Published 14.09.2006
This recent case considered whether a director can enter into a deal with their own company and walk away with a share of the profits without it being taxed as employment income. What was the
outcome?
Published 12.05.2010
If you charge your company rent for the provision of an office in your home, shouldn’t you in turn be paying business rates on that area?
Published 10.04.2008