by ClearwaysAccountants | Jul 7, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
Out with the old When employees expenses are re-imbursed, even when they are business expenses they should be disclosed on the annual P11D. This didn’t apply for mileage at the 45p (or 25p rate). To avoid this paperwork companies could apply for a dispensation...
by ClearwaysAccountants | Mar 15, 2016 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice
Claiming meal allowances has been brought into the twenty-first century. As part of the tax simplification of employer benefits and expenses a new meal allowance will be introduced from 6 April 2016. The new system will replace the current system of entering the...
by ClearwaysAccountants | Nov 23, 2014 | Contractor, Freelancer, Pay, Expenses & Benefits, Self Employment, Small business advice, Tax Tips
When a company incurs entertaining expenditure – what are the tax rules? Most people understand that client and customer entertaining is not allowed as a business deduction, but what about related expenditure such as travel, and what about staff entertaining?...
by ClearwaysAccountants | Nov 11, 2014 | Contractor, Freelancer, Pay, Expenses & Benefits, Small business advice, Tax Tips
Business Gifts to Customers or Clients The costs of providing a gift carrying a conspicuous advertisement for your company or business, and which is not food, drink or tobacco, or a token exchangeable for goods, and which costs no more than £50 in total in your...
by ClearwaysAccountants | Oct 28, 2014 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Can you hold a Christmas party (or any other party for that matter!) as a single person Limited company? You can have as many parties as you like PROVIDING the cost of the events do not add up to more than £150. This means you could have a number of big lunches, as...
