1. Expenses
HMRC have recently updated the list of trade and professional organisations for directors and employees who receive a tax reduction for annual subscriptions. NI can also be avoided if the bills are directly paid by the employer
2. Autumn Statement
Unfortunately the capital gains tax exemption on homes will be less generous but the good news is that no NI will be payable to employees under 21 from April 6th and business rates will be increased and capped at 2% for 2014/15.
3. Cars
To make sure the director or employee is contributing to company car running costs continues to be taxed, it would useful to amend your car policy so that it counts only against the tax year in which it’s paid.
4. Corporation Tax
There is an option of asking the bank for a loan or HMRC for extended...
8 Useful Tips & Advice On Managing Your Taxes
