In certain circumstances you might end up paying for staff/directors to eat whilst at work. The problem is that the Taxman considers this to be a taxable benefit. However, there is a way to beat him.
What’s involved?
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You’ve got their data.. You and/or your advisor may be interested to know that tucked away on the HMRC website is a spreadsheet listing the phone numbers and addresses of several HMRC offices, plus
what they specialise in. The list is not comprehensive and we’re not sure how up-to-date it is. Also, we are puzzled as to why such a useful list is...
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January 31 2008 is the deadline for submitting 2006/7 tax returns. But don’t be surprised if, in January, you also get a letter asking you questions about your tax affairs for the previous year
(2005/6). How should you respond?
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If you buy an industrial or commercial building - whether to trade from yourself or let out - you should be able to claim Capital Allowances on plant and fixtures that are contained in it. How can
you make sure you don’t lose out?
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Resolving disputes with the VATman can be time consuming. One of the ways to focus his mind has been to lodge an appeal before a tribunal. However, things are about to change. What do you need to
know?
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An excellent employee has just resigned. A colleague’s suggested that to encourage him to stay you make him a director. You don’t want to go as far as giving away shares. Is there an alternative?
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It seems that many company directors are being duped into changing electricity suppliers. How should you respond if the “regulator” approaches you?
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You issue outdoor workers with fleece jackets and gloves. However, you’re finding that they don’t return them when they leave. As this is getting expensive, can you just deduct the cost from their
final pay, and if not, what can you do?
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Before your company started trading you incurred some expenditure, e.g. on office equipment. Can you now deduct these expenses and if so what sort of supporting evidence will the Taxman expect?
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If a customer sends a cheque for less than is owed, in “full and final settlement,” the advice has always been that you can claim the balance. But things have changed. How can you protect your
company and take advantage?
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