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Tips & Advice You & Your Business

Year

Issue 22 - 18.09.2019
- 1. Act now if you want to trade with EU
- 2. How to mine data
- 3. Is a personal gift to an employee a taxable perk?
- 4. Why your T&Cs need TLC
- 5. Should you write off or release a director’s loan?
- 6. Getting the most from safety inspections
- 7. Where to start with plastic?
- 8. Expected pay increases for the next year
- 9. Q&A - data subject access requests
Issue 21 - 05.09.2019
- 1. Is your mobile number up to date?
- 2. Making the best of travel delays and cancellations
- 3. When can you claim a tax deduction for entertaining?
- 4. What are you worth?
- 5. HMRC’s VAT concessions for phones and computers
- 6. Price hikes - must you pay?
- 7. Company websites by monthly subscription
- 8. Revised procedure for PAYE penalties
- 9. Q&A - getting rid of a defunct company
Issue 20 - 10.07.2019
- 1. A summer tax incentive for parents
- 2. Managing accountancy fees
- 3. Is it worth transferring ownership of a company car?
- 4. How to avoid bidding problems
- 5. Staff tips and a VAT trap
- 6. Don’t make this redundancy exercise error
- 7. Improving mental health for small business owners
- 8. small business cyber security guide
- 9. Dirty mugs causing sickness absence
Issue 19 - 26.06.2019
- 1. NMW: end of name and shame?
- 2. Can buying Twitter followers boost your business?
- 3. Dividends that can delay your 2018/19 tax bill
- 4. Inappropriate e-mail messaging
- 5. State pension myths
- 6. Is a four-day week a joke?
- 7. How to avoid an idle fine
- 8. HMRC updates expenses toolkit
- 9. Q&A - the tax-free trading allowance
Issue 18 - 12.06.2019
- 1. MTD - practical problems emerge
- 2. Avoid a cash flow crisis
- 3. Tax-free cash from your company
- 4. Where to find the money?
- 5. An entrepreneurs’ relief trap for departing directors
- 6. Who owns your business logo?
- 7. Present but not always correct
- 8. Important changes for investment landlords
- 9. Q&A - is no deal Brexit a force majeure event?
Issue 17 - 30.05.2019
- 1. Don’t forget the data protection fee
- 2. Back to work
- 3. Maximising tax deductions for new equipment
- 4. You’ve overcharged us!
- 5. Can new business owners reclaim VAT?
- 6. Could a virtual assistant help you?
- 7. What’s a community interest company?
- 8. HMRC simplifies MTD bookkeeping
- 9. Q&A - taxing dividends through your code
Issue 16 - 17.05.2019
- 1. HMRC says get ready for IR35 changes
- 2. Are your staff on the take?
- 3. Advance travel expenses - what’s the tax and NI catch?
- 4. Could your data be held to ransom?
- 5. How to create state pension rights
- 6. Health and safety duties owed to the self-employed
- 7. Unlimited holiday madness
- 8. Gossiping director breaches his duties
- 9. Q&A - covert surveillance of staff
Issue 15 - 02.05.2019
- 1. Brexit: help for businesses
- 2. Should you consider equity finance?
- 3. Tax traps for company mobile phone users
- 4. Fight club at work?
- 5. Terminating VAT on your property
- 6. Are you liable for employment contract breaches?
- 7. Online v face-to-face meetings
- 8. HMRC’s updated list of approved expenses
- 9. Q&A - Correcting 2018/19 PAYE report
Issue 14 - 17.04.2019
- 1. MTD still not registering
- 2. Making room for CSR in a busy small business
- 3. How to make staff pay reviews tax efficient
- 4. Who’s in charge when you’re away?
- 5. Can you reclaim VAT incurred by contractors?
- 6. Using Instagram to promote your business
- 7. Good news on late payments?
- 8. £40,000 fine for sending unwanted e-mails
- 9. Q&A - how can we cut our utility bills?
Issue 13 - 03.04.2019
- 1. Crackdown on bogus parking firms
- 2. Are you making the right online disclosures?
- 3. Time to get rid of the company car?
- 4. It’s Ofcom calling about your broadband
- 5. Travel expenses - watch out for the two-year trap
- 6. Get staff to prove themselves
- 7. Hire your office furniture?
- 8. Spring Statement - is no news good news?
- 9. Q&A - VAT claim for a personally owned van
Issue 12 - 20.03.2019
- 1. IR35 consultation launched
- 2. Wise up on waste
- 3. Your rights when HMRC comes calling
- 4. Business heading for trouble?
- 5. Road traffic law changes - are you affected?
- 6. How to identify fake LinkedIn profiles
- 7. Customers, expenses and a tricky VAT trap
- 8. Do you need harassment training?
- 9. Using a UK passport after Brexit
Issue 11 - 06.03.2019
- 1. The GDPR’s post-Brexit effect
- 2. Who’s responsible for keeping PPE clean?
- 3. Can the wrong address cost you extra tax?
- 4. How to pick a delivery firm
- 5. Business travel - how much VAT can you reclaim?
- 6. Implement cost cutting with staff approval
- 7. Director disqualification - how to avoid it
- 8. Employers - watch out for the extra payday
- 9. Don’t miss the benefits payrolling deadline
Issue 10 - 20.02.2019
- 1. New HMRC guidance on crowdfunding
- 2. Profiting from a dividend
- 3. Can you reclaim VAT on cars?
- 4. Cold comfort
- 5. Why you need a shareholders’ agreement
- 6. Are travel discount cards a taxable perk
- 7. Thousands of firms illegally charging for card payments
- 8. Redirect .eu domain names
- 9. why do employees leave small businesses?
Issue 09 - 06.02.2019
- 1. Changes to the law on payslips
- 2. Worker jailed for data breaches
- 3. MTD - no way to avoid it!
- 4. How to improve productivity
- 5. Which is more tax efficient, loans, HP or credit cards?
- 6. Gender stereotyping in ads to be banned
- 7. It’s personal: when families in business fall out
- 8. New VAT rules for some vouchers
- 9. HMRC concedes defeat on directors’ tax forms
Issue 08 - 23.01.2019
- 1. New travel expense rules for employers
- 2. Dyslexia duties
- 3. Last chance to change your tax code
- 4. Directors driving badly
- 5. “Hands up”, it’s a company hijacking!
- 6. Is annual appliance testing a legal requirement?
- 7. Tax relief cuts accountant’s costs
- 8. Brexit: new help for businesses online tool
- 9. Your hidden personal printing costs
Issue 07 - 09.01.2019
- 1. When the boss asks for a hug
- 2. Time to bin paper receipts for good?
- 3. Benefits in kind - how to avoid losing the exemption
- 4. Access to toilets for mobile workers
- 5. Don’t pay tax, invest instead
- 6. A very vegan new year?
- 7. Flexible insurance brings savings
- 8. Exemption for powering electric cars
- 9. Q&A - Is training for a new job tax deductible?
Issue 06 - 12.12.2018
- 1. Changes to EU VAT registration
- 2. Why you need a contingency plan
- 3. Tax relief for being a club supporter
- 4. Small shops can win big online
- 5. Closing a company - can you take tax-free profits?
- 6. A small December bonus can save you thousands
- 7. No right to a refund?
- 8. Data protection fee online assessment tool
- 9. Students receiving fake tax refund e-mails
Issue 05 - 28.11.2018
- 1. Last minute festive closures
- 2. Time for a price re-match?
- 3. Chancellor gets tough on entrepreneurs’ relief
- 4. Managing mental health
- 5. Selling an unregistered business - is it VATable?
- 6. Health and safety in shared premises
- 7. Allergies - know your responsibilities
- 8. AIA gets a boost
- 9. Responsibility for IR35 changes
Issue 04 - 14.11.2018
- 1. The 2018 Budget highlights
- 2. Could you be liable if employee data is misused?
- 3. The trouble with pool cars
- 4. Name change pitfalls
- 5. Invest in your company not a bank
- 6. Ripped off by an H&S consultant?
- 7. Protecting your good name
- 8. A £20,000 Small Business Grant to “go global”
- 9. Mandatory modern slavery statements?
Issue 03 - 31.10.2018
- 1. Ethnicity pay gap reports
- 2. Contracts: is it safe to use the word “shall”?
- 3. Partial exemption - how to maximise VAT recovery
- 4. How to cut the cost of motor cover
- 5. Company shares - get your money back tax free
- 6. Staff working too much?
- 7. What is tortious liability for breach of contract?
- 8. HMRC to issue more notices to employers
- 9. Q&A - can I pay an expenses allowance tax free
Issue 02 - 17.10.2018
- 1. IR35 contractor sues HMRC
- 2. Pile up some stock?
- 3. Get a little extra VAT back on out-of-pocket expenses
- 4. Invoice finance to be more accessible to SMEs
- 5. Is compensating an employee taxable?
- 6. On call and unpaid?
- 7. Is an advisory visit from the ICO a good idea?
- 8. HSE fines small business £32,000
- 9. The perfect business card revealed
Issue 01 - 03.10.2018
- 1. Where’s your insurance certificate?
- 2. Any duties once the directorship ends?
- 3. Corporation tax refunds and directors’ loans
- 4. Should you go plastic free?
- 5. Selling off your company’s assets
- 6. Get them to work on time
- 7. Warranty or indemnity?
- 8. New VAT limit for digital supplies
- 9. Q&A - must all staff pay go through the payroll?

Tax - benefits

09 January 2019

Benefits in kind - how to avoid losing the exemption

Directors and employees can receive low value perks tax and NI free. The trouble is if the cost of a benefit exceeds the exempt amount it’s fully taxable and liable to NI. How can you avoid this trap but maximise the exemption?

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© Indicator - FL Memo Ltd • Telephone: (01233) 653500 • Fax: (01233) 647100 • customer.services@indicator-flm.co.uk • www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ • VAT GB 726 598 394 • Registered in England • Company Registration No. 3599719

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Indicator - FL Memo Ltd
Tel: (01233) 653500. Fax: (01233) 647100
customer.services@indicator-flm.co.uk
www.indicator-flm.co.uk

Calgarth House
39-41 Bank Street
Ashford, Kent TN23 1DQ

VAT GB 726 598 394
Registered in England
Company Registration No. 3599719