Recent content by red50

  1. R

    Annual Staff Functions allowance (£150pp)

    Thats interesting to know its personal financial year rather than business, that gives me a bit more time to use it. A follow on question is what should the receipt look like? is it acceptable to have a whole heap of food and drink on the receipt? I'd spend the £150 for summer bbq and 150 at...
  2. R

    Annual Staff Functions allowance (£150pp)

    Hi All, General question about the Annual Staff function allowance of £150pp for LTD companies. This would be for me and my partner (Girlfriend not business partner). Any idea if its acceptable purchase £300 worth of vouchers? or does the expense need to be an itemised receipt? I have just...
  3. R

    End of year - Most efficient use of tax

    Thanks for the replies all some excellent information. Yeah i've left it a bit late but will be more prepared for next year now i know how things work after this first year. Yeah all normal business expenses have been made/used to minimise the tax payable. I'll still have a reasonable tax bill...
  4. R

    End of year - Most efficient use of tax

    Thanks for the replies all some excellent information. Yeah i've left it a bit late but will be more prepared for next year now i know how things work after this first year. Yeah all normal business expenses have been made/used to minimise the tax payable. I'll still have a reasonable tax bill...
  5. R

    End of year - Most efficient use of tax

    Hi there, I'm about to complete my end of year business financial year at the end of next month and currently working out the best way to lower to the corporation tax amount. I had a discussion with my accountant whos advice was to max out trivial benefits and put rest of the £ above the 50k...
  6. R

    Expenses during work for another company - Classed as sales?

    Hi All, Require some advice, i'm contracting daily to another company who have required me to travel with Hotel/food expenses. They have been happy to cover the expenses as part of the job and pay me the amount of expenses incurred. (without an invoice) Now i have done a year of this my...
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