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  600+ Business Solutions - Personal use of company stock - the taxable benefit trap

  In recent months you’ve taken a number of products and materials from your business. You know there will be a tax bill for this but might HMRC ask for more than you bargained for?

  Published 08.07.2020 Click here
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  600+ Business Solutions - Tricky rules on staff meals made clear

  HMRC rules normally ensure that non-cash rewards (benefits in kind) which you provide to your employees are taxed. However, free or subsidised meals provided as a perk can be exempt from tax and NI. How and when can you take advantage?

  Published 18.03.2020 Click here
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  600+ Business Solutions - Staff uniforms - how to avoid tax costs

  During a compliance check an HMRC inspector warned our subscriber that because of a change to the rules he might face a tax and NI bill for providing their staff with workplace clothing. What’s the inspector referring to?

  Published 19.02.2020 Click here
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  600+ Business Solutions - A tax-free perk for being the boss

  A friend has told you that he and his wife are taking a tax-free luxury weekend away on the company. Apparently, because the business has been running a long time HMRC allows this. Is this something you can take advantage of?

  Published 05.02.2020 Click here
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  600+ Business Solutions - Post-Christmas party tax planning

  Your firm’s Christmas bash is a few days away. It’s cost you £125 per head so far, but you expect this figure to rise. You’re worried the per-head cost will exceed £150 and so the tax and NI exemption for such events will be lost. How can you prevent this?

  Published 11.12.2019 Click here
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  600+ Business Solutions - Is a home gym a tax-free and tax-deductible perk?

  Instead of paying out membership fees and having the hassle of travelling to a gym each time he feels like working out, our subscriber wants his company to cover the cost of a gym at his home. How tax efficient would this be?

  Published 30.10.2019 Click here
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  600+ Business Solutions - Is a trip to the pub a tax-efficient perk?

  You’ve heard that workers who socialise together may be more productive. You want to give the theory a try by putting some money behind the bar for an occasional social evening. Would this trigger a tax bill?

  Published 16.10.2019 Click here
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  600+ Business Solutions - Is a personal gift to an employee a taxable perk?

  One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it personally or for your business to pay?

  Published 18.09.2019 Click here
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  600+ Business Solutions - Dividends that can delay your 2018/19 tax bill

  It’s a couple of weeks until the deadline for declaring benefits in kind to HMRC for 2018/19. How can you use a current year dividend to prevent the resulting tax charge and replace it with a lower one payable at a later date?

  Published 26.06.2019 Click here
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  600+ Business Solutions - Are travel discount cards a taxable perk

  You buy season tickets and discount cards for your staff to lower the cost of business travel. They’re also used by staff for private journeys, which saves them hundreds of pounds a year. Should you report this as a taxable benefit?

  Published 20.02.2019 Click here