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, no deduction is allowed for business entertaining and gifts in calculating taxable profits. What counts as business entertainment? Business entertainment…
November 13, 2019 Gold Stag Accounts
- Landlords: Dealing with finance costs correctly
- Are you making the most of the Capital Gains exemption for married couples and civil partners in transferring assets?
- The high-income child benefit charge explained
- Have you overpaid an employee? Here’s what to do…
- Using company vans for tax-free home to work travel
- Utilising the 2019/20 dividend allowance
- Can my company buy me a new bicycle?
- Help employees beat the post-Christmas bulge
- Party time for small companies
- Annual investment allowance or writing down allowance?
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Did you know?
PRE-TRADING EXPENSES: Certain pre-trading expenses can be deducted from your first year’s trading. For it to be allowable it must have been paid ‘wholly and exclusively for the purposes of the trade’.
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