Trivial Benefits for Limited Companies: Tax-free gifts and employee rewards
If you’re a director of a Limited Company, there may be times when you want to give a gift to your employees, or yourself as a director, without creating a tax liability. Trivial Benefits are a simple, tax-efficient way to reward your team or directors, but [...]
How Associated Companies Affect Corporation Tax
If you’re running multiple trading companies, it’s essential that you understand the concept of ‘associated companies’. HMRC uses the rules on associated companies to determine the small profits rate of Corporation Tax, so this means that the more companies [...]