Newsletters
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Can company directors entertain themselves tax free?
You and your fellow directors have just landed a prestigious new customer and you plan to celebrate in style. Is the company entitled to a tax deduction for such expenditure?
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Invoicing: can you improve your VAT cash flow?
The economic slowdown might mean that some of your customers are taking longer to pay their invoices. This means that you cannot pay your suppliers as quickly. How could changing your invoicing procedures help your VAT cash flow?
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Shrink the tax bill on your investment bonds
An investment bond you bought a while ago is about to mature and pay you a large lump sum. Your financial advisor says there will be a significant tax bill to pay on it. What steps can you take to reduce this?
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Avoid losing the right to sole-trader losses when incorporating your business
The First-tier Tribunal (FTT) recently considered a claim for relief for losses made by a sole trader to reduce the tax payable on income he received from his company. How did the FTT rule and why?
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Company loans: how can you avoid a benefit charge?
You need to borrow money to pay for home improvements. Your company will advance you the cash if you pay it interest at HMRC’s official rate to prevent a benefit in kind. How can a little-known tax break protect you from interest rate rises?
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Wrongly claimed input tax: use a concession
HMRC has identified that one of your suppliers is no longer registered for VAT, so should not be quoting their VAT number on their sales invoices and you should not claim input tax. An assessment is likely, but is there a potential escape route?
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