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
If you personally borrow money to pay for equipment you use for your job you may be entitled to a tax deduction for the interest you pay. As the rules are tricky, how can you ensure that you don’t
lose out on tax relief?
Published 05.02.2019
As a director or employee you’re entitled to a tax deduction for the cost of equipment you purchase and use in your work. What do you need to know to ensure your claim is complete and correct?
Published 27.06.2023
Your new company is in the process of buying some office equipment, but needs extra funds to do it. You can lend it the money, but a colleague suggests purchasing the equipment yourself might be more
tax efficient. Is he right?
Published 23.12.2014
In the winter your home office gets a little chilly making it harder to work. If you upgrade your windows and doors or add some wall insulation, will HMRC chip in to the cost by allowing you a tax
deduction?
Published 24.11.2016
You’re buying fancy IT equipment that you’ll use some of the time for work. Your fellow directors have agreed that the company can contribute to the cost. Can this payment be made tax free?
Published 25.06.2018
Your teenage daughter wants you to fork out £1,500 to pay for a weekend residential course. You could open your personal cheque book for this but would it be more tax efficient if your company paid?
Published 23.12.2019
These days business lunches etc. are a common expense for most companies. The tax deductibility depends on who’s being fed and why. What are the rules and how can you work with them to maximise tax
efficiency?
Published 07.03.2016
Your car was off the road for a long period during which time you borrowed your partner’s. Your bookkeeper says you can claim tax-free mileage for business trips you make in it. Given that it’s not
your car, can this be right?
Published 05.02.2018
One of our subscribers is going to pay his staff an advance to cover travel expenses. He’s getting conflicting advice about the tax and NI consequences. What steps should he take to avoid trouble
with HMRC?
Published 17.05.2019