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Staff – Giving Christmas gifts and bonuses

Staff – Giving Christmas gifts and bonuses

It’s the time of year when employers think about rewarding their staff for all their hard work over the year. But there are some pitfalls to watch out for but some really good tax breaks too so it’s worth being careful. Any Christmas bonuses / gifts paid...
Private Residence Relief

Private Residence Relief

Nominating your main residence Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or main residence. Where a property has been an only or main residence at some point, the final...
When is a car a pool car ?

When is a car a pool car ?

When is a car a pool car? Rather than allocating specific cars to particular employees, some employers find it preferable to operate a carpool and have a number of cars available for use by employees when they need to undertake a business journey. From a tax...
Can I claim for Entertaining clients and staff ?

Can I claim for Entertaining clients and staff ?

Can we deduct entertaining expenses? The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the expenditure is incurred for businesses purposes does not make it deductible. Subject to certain limited exceptions,...
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