Tax free Childcare
Tax free childcare replaced the old voucher system in October 2018.
Staff Holiday Pay
During holiday season we are being asked about staff holiday pay.
Subsistence allowance
HMRC allows a certain amount of daily subsistence for tax relief if working away from your usual place of work.
Entertainment
Entertainment is not allowable for VAT purposes. However, some entertaining maybe claimed for tax purposes.
Losses and Tax relief
Losses and Tax relief. Remember that you can offset trade losses against any other income, including rentals, in the same tax year to reduce your tax liability.
Self employed Versus Limited company
We are asked many times, with tax free dividends now at just £2,000 whether it is best to be self employed or Limited.