Directors Remuneration Strategy
Salary A salary is a payment made to the director by the company through PAYE. It is deducted as an expense in the accounts and therefore reduces the amount of corporation tax that the company has to … Continue reading
Tax Q & A’s – Debbie’s monthly editorial for Grapevine readers
Every month Debbie Story answers your questions in the local Grapevine magazine. In this month’s article Debbie answers your questions on The Budget 2012. Q: In the Budget the chancellor raised the personal allowance to £9,205. What does this actually mean? … Continue reading
Tax Q & A’s – Debbie’s monthly editorial for Grapevine readers
Every month Debbie Story answers your questions in the local Grapevine magazine. What are the advantages of trading as a limited company? This is an important question to ask. A few of the advantages are: If a limited company should … Continue reading
Tax Guide – Gifts to Charity made by Limited Companies – produced for the Forget Me Not Children’s Hospice
Sleigh & Story were invited by the Forget Me Not Children’s Hospice to produce a tax guide on ‘Gifts to Charity made by Limited Companies’. We were delighted to show our support by producing this guide for them and … Continue reading
Budget 2012 – What can we expect?
The Budget takes place on Wednesday 21 March and the draft Finance Bill will be published a week later on Thursday 29 March. 50% income tax rate The government has commissioned HMRC to produce a report on the amount of … Continue reading
Q&A Tax Tips – What you need to do BEFORE the end of the tax year to reduce your tax bill
This month I answer your questions on what you need to do BEFORE the end of the tax year to reduce your tax bill. By addressing these points now, you should have sufficient time to make those all important changes. … Continue reading
Festive tax tips – Christmas parties, gifts to staff and customers
As Christmas approaches we can answer your festive tax questions: Q: What is the tax position on hosting a Christmas party for my staff? A: The basic position is that employers can spend up to £150 per head on annual … Continue reading
Your Tax Questions Answered
Q: My kids are about to start attending a nursery whilst I am at work. Can I claim the cost of nursery fees? A: If you are self-employed these are not a tax allowable expense, sorry, but do claim for … Continue reading
HMRC Guide: Motoring Expenses
A very clear guide on You Tube by HMRC on the basics of motoring expenses in annual accounts. Click here to watch. They explain that there is a choice between two methods and it is important to seek advice from your … Continue reading
The Tax Enquiry Process
Every Tax Enquiry is different but there are certain processes to go through. We have set out below the general pattern that is followed during a Tax Enquiry. Selection The first thing to realise about any Tax Enquiry is that … Continue reading
