by Terry Phillips | 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...
by Terry Phillips | 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...
by Terry Phillips | Aug 28, 2023 | mileage rates, accountancy, Accountants, Business Owner, Company Expenses, director, employee, Employer, Employment, expense claims, expenses, Fuel Duty, hmrc, Limited Company, tax
by Terry Phillips | Jul 7, 2023 | Company Expenses, employee, Employer, Employment, expense claims, expenses, hmrc, Income Tax, tax, tax rebate
Accountants Chester – Tax Tip No. 28 Employees often need to incur expenses when undertaking their jobs. The nature of the expense may vary depending on the job, but typical expenses include travel and subsistence expenses and fees and subscriptions. It will...
by Mark Phillips | Jul 2, 2023 | accountancy, Business Owner, Company Expenses, director, Employer, Employment, expense claims, expenses, hmrc, Income Tax, making tax digital, Mobile phone benefit, tax, tax rebate
Accountants Chester – Tax Tip No. 28 The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for mobile telephones. As long as the associated conditions are met, an employee can use...
by Mark Phillips | May 29, 2023 | accountancy, Accountants, expense claims, expenses, gift aid, hmrc, Income Tax, making tax digital, MTD ITSA, tax, tax rebate
Accountants Chester – Tax Tip No. 22 Changing personal circumstances may mean that individuals who were previously taxpayers find that they are now non-taxpayers. If they are in the habit of making charitable donations under gift aid, they need to tread... 
