Tax Breaks
Five powerful Tax Breaks every month. See how much they could save you

February 2019

  • Maximising your claim if there’s private use of a commercial vehicle

    Even though your firm’s vans are for commercial use it doesn’t excuse you from accounting to HMRC for VAT in respect of any private use by you or your staff. What’s the most efficient  method of dealing with this?Even though your firm’s vans are for commercial use it doesn’t excuse you from accounting to HMRC for VAT in respect of any private use by you or your staff. What’s the most efficient  method of dealing with this?

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  • The right way to clear a director’s loan with a bonus

    Paying yourself a bonus to clear a debt you owe your company is one way avoid a corporation tax charge. However, timing the bonus correctly is vital for optimum tax efficiency. How can you ensure you get it right?

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  • Tax-efficient cars for the family

    At one time having two or more company cars would cost you dearly in tax. But these days the tax charge is consistent no matter how many cars are available to you. How can you turn this to your advantage?

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  • Who really owns your shares?

    HMRC is always banging on about tax avoidance where one spouse transfers a share in their company to the other. The good news is that provided you take the right steps there’s nothing HMRC can do about it. What are the dos and don’ts?

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  • Putting off paying CGT today so you can avoid it tomorrow

    You’re relocating your business to better premises. This will trigger a capital gains tax bill on the sale of the old property. You can defer it using “rollover relief”, but how can you turn the tax deferral into a permanent tax saving?

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