Business-related phone costs may be reimbursed when personal devices are used for work. To avoid tax or National Insurance implications, only the portion of phone usage that relates directly to business may be claimed. For directors or employees using personal contracts: An itemised phone bill is required to identify calls or data used for business. […]
When directors or employees carry out work duties from home, limited companies can reimburse part of the household expenses incurred as a result of business use. There are 2 main methods for reimbursing home-working expenses: Flat Rate Method: HMRC allows a company to reimburse up to £6 per week (or £26 per month) without needing […]
Most Directors think this is a once-a-year effort. Reducing tax liability is a daily thought that involves thinking about the tax implications of all your actions, expenditure and plans for the business and personal. For example, HMRC allows the company to reimburse you for all allowable business expenses incurred personally by the director. The director […]