Expert accountancy and bookkeeping services for small Limited Companies

Business gifts are a common area of confusion for limited company owners. You may want to send a thank-you gift to a customer, give samples to potential buyers, provide small branded items, or give a gift to a member of staff. But the tax treatment depends on who receives the gift, what the gift is, why it is being given, and whether VAT has been claimed. The starting point is simple: Most business gifts are treated like business entertaining, which means they are not normall

Small limited company directors often focus on salary, dividends and pensions when looking at tax planning. But there is another small, useful exemption that is often missed: trivial benefits. Used correctly, trivial benefits allow a company to provide small gifts or benefits to directors and employees without Income Tax or National Insurance. The company can also usually claim Corporation Tax relief on the cost. This does not mean the company can give tax-free cash or disgui

Salary and dividends are not the only ways to take value from your limited company. A limited company can provide certain benefits to employees, including directors, without creating an Income Tax or National Insurance charge, as long as the rules are followed. This can be very useful for small business owners because the company may pay for something directly, claim Corporation Tax relief where the cost is allowable, and the director or employee may receive the benefit tax-f