Pro-Taxman

Finance & Accounting>Company Mobiles

Homeworking equipment and returning to the office

Before the Government U-turn, many employees had started to return to office-based jobs. Where the employee had previously worked from home and had been provided with homeworking equipment, there may be tax implications to consider if the employee is allowed to keep the equipment for personal use. The tax implications will depend on the way …

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Make sure to share this article with anyone you know who runs a family business – so they can take advantage of the many ways to lower their tax bill!

Optimising tax-free benefits in family companies Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without triggering a tax charge. The essential point to note is that to make the tax saving, the benefit itself, rather than the funds with which to buy the benefit, must …

Make sure to share this article with anyone you know who runs a family business – so they can take advantage of the many ways to lower their tax bill! Read More »

Who the phone contract is billed to makes a big difference in tax.

Tax-free mobile phone Mobile phones are ubiquitous – they are also subject to a tax exemption which enables employees to enjoy a mobile phone provided by their employer without suffering a benefit in kind tax charge. However, as with all exemptions there are conditions to be met for the exemption to apply. Nature of the …

Who the phone contract is billed to makes a big difference in tax. Read More »