Understand Motoring Expenditure and NIC Refunds

Understand Motoring Expenditure and NIC Refunds

by | Feb 22, 2024 | Motoring Expenditure, ACCA, accountancy, Accountants, Business Owner, Chester, Company Expenses, director, Employer, expenses, Family Business, hmrc, National Insurance, tax, Tax planning, tax rebate, Tax return

Accountants Chester – Tax Tip No. 60 If your Chester-based business has employees who use their personal cars for work, understanding mileage allowances and reimbursements is important. Here’s the key information: Tax-Free Mileage: Employees can receive...
Key Person Insurance – When Can You Claim A Deduction?

Key Person Insurance – When Can You Claim A Deduction?

by | Oct 8, 2023 | Insurance, accountancy, Accountants, Business insurance, Business Owner, Company Expenses, expense claims, expenses, Family Business, Income Tax, Key Person insurance, Self employed, Sole trader, tax

Accountants Chester – Tax Tip No. 42 The profitability or earning capacity of a business may depend on one person or on a small number of people. Where this is the case, the business may be seriously compromised if that person, or one of those persons, falls...
Take Advantage of the Tax Exemption for Mobile Phones

Take Advantage of the Tax Exemption for Mobile Phones

by | Sep 18, 2023 | tax exemption, accountancy, Accountants, bookkeeping, business management, Business Owner, Company Expenses, director, employee, Employer, expense claims, expenses, Family Business, hmrc, mobile phone, Partnership, Profit Extraction, Self employed, Self-Assessment, Sole trader, tax, Tax return

Accountants Chester – Tax Tip No. 38 The tax legislation contains a number of exemptions which allow benefits in kind to be provided to employees without a tax charge arising. Some of the exemptions are more useful than others. One of the more valuable ones is...