As the company’s sales director you spend a lot of money wining and dining customers. However, HMRC doesn’t allow a tax deduction for this, but there are exceptions to the rule. When do they apply?
Published 13.11.2014
The Taxman allows employees to claim a deduction for expenses incurred in the course of doing their job. As a director you’re never off duty, even when you’re at home, but does this entitle you to
extra tax reliefs?
Published 06.01.2012
You’ve just received a hefty bill from your accountant for advice on setting up your company and dealing with associated tax matters for the directors. Can the company claim a tax deduction for the
whole amount or are there restrictions?
Published 28.05.2013
Joining a business or networking club can have benefits for your company, but will you get a tax deduction for the cost of your subscription? One of our subscribers asked the Taxman this and got a
bewildering reply. So what’s the right answer?
Published 10.12.2009
There’s a right way and a wrong way for your company to pay for business expenses. Fortunately for one of our subscribers they asked us which was which before they went ahead; it could have cost them
thousands. What’s the story?
Published 15.09.2010
In a recent case the tax tribunal considered an employee’s claim for a deduction from his tax bill in respect of household expenses. It was a mixed result but had the employee been a director could
he have claimed more?
Published 17.05.2011
You want to beef up your home security system by adding some CCTV cameras. Can you get the supplier to upgrade your business and home premises at the same time and claim a tax deduction for it?
Published 28.03.2008
It’s not uncommon for directors to use their personal credit card to pay for business expenses. When the company repays the debt that will balance the books. But are you overlooking a tax break?
Published 13.10.2009
The Taxman doesn’t allow a deduction for the cost of travel between your home and normal place of work. But one exception to this rule is where the trip includes a business purpose. When can you make
use of this loophole?
Published 17.07.2012
You’re having an outside office, which you’ll use for business, installed in your garden at a cost of £15,000. For optimum tax efficiency who should own it, you or your company?
Published 29.05.2014