Directory results

 
Result 1 of 1 results
  • Tax Breaks for Directors - Part 1  Directors only - 10. Expenses - 10.1. Introduction
    10.1. IntroductionA director can claim a tax deduction under the general rule for those expenses that are “wholly, exclusively and necessarily incurred in the performance of the duties of employment”; this is a notoriously restrictive rule. Other rules mean that expenses paid by a company to or on behalf of a director count as income, but allow a corresponding deduction against the income where the general rule mentioned above is satisfied. The line between private and business expenses can get blurred....
    Click here
 
Result 1 of 1 results