Category Archives: Income tax

Online Company Car Alterations

Online Company Car Alterations & Their Pitfalls It has been reported that online Company car alterations for drivers will be introduced. The Taxman has started an online trial to that end.  We think this is a very good idea, in principle, but the correct framework is going to have to be carefully considered and put in place…
Read more

Getting a tax deduction for your family

Getting at a Tax Deduction for your Family To deduct or not to deduct, that is the question. The question of whether an expense is deductible or not can be complex.  It is this complexity that tends put business owners off trying to get a deduction for certain expenses.  The uncertainty creates fear, the fear…
Read more

Getting a tax deduction for your insurance costs

Getting a Tax Deduction for your Insurance Costs Insurance can come in many forms.  Most businesses will have the inevitable general insurances to pay such as public liability and employers liability.  However, in addition there are insurances such as loss of key personnel (Keyman Insurance); loss of income (Income Protection Insurance) and professional negligence (Professional…
Read more

The top 10 employee benefits

Employee benefits The top 10 employee benefits BUPA have conducted a survey of employees at a number of small and medium-sized businesses to establish what the top 10 employee benefits were. The results were as follows :- The top 10 most valued employee benefits pension (68%) an extra annual leave day (66%); a bonus scheme…
Read more