Incidental overnight expenses

Incidental overnight expenses

A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the employee suffering a tax charge and without any need to report the expenses to HMRC. What are incidental overnight expenses? Incidental...
Do you need a Virtual Finance Director?

Do you need a Virtual Finance Director?

Many small business owners feel that having access to an experienced, knowledgeable finance professional is a luxury that they simply can’t afford on a permanent basis.  However, we are pleased to say that this doesn’t have to be the case. Let us ask you a few...
Using company vans for tax-free home to work travel

Using company vans for tax-free home to work travel

As a general rule, travel between home and work is regarded as private travel and if the employer meets the cost of that travel, a benefit-in-kind tax charge will be triggered. However, it is possible for employees with a company van to use that van to travel between...
Does the high-income child benefit charge apply?

Does the high-income child benefit charge apply?

The high-income child benefit charge (HICBC) applies to claw back child benefit from either the claimant or his or her partner where at least one of them has income of £50,000 or more. The charge is perhaps one of the more unfair tax charges in that the person who...