A frequently asked question by company directors is which pre-company formation costs can be claimed back once the company has been incorporated?
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business expenses
If you decide to buy a company car and use it for personal as well as business reasons, then you will be liable for a tax charge for the privilege. The amount of the benefit in kind depends on a number of factors.
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As a limited company owner, what health-related costs (such as medical insurance, eye tests, gym memberships and private health checks) are allowable expenses for tax purposes against your company?
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In this guide, we look at how mobile phones are treated for tax purposes, including a recently announced change of tax status for ‘smartphones’, which are no longer treated as a Benefit In Kind.
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If you provide professional services via a limited company (most typically as an IT contractor), and your contracts are caught by the IR35 rules, what expenses can your company claim against tax?
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If you have to travel to a temporary place of work for business purposes, you can usually claim back the costs of travel. However, the 24-month rule exists to prevent travel reimbursements when HMRC deems a workplace to no longer be ‘temporary’ in nature.
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