HMRC in one form or another has been around for more than 160 years and in that time they must have seen every sort of business expense claim under the sun!
How many kings have been toppled, or bloody wars fought, because of income tax?
The 31 January deadline is fast approaching for submitting self-assessment tax returns and paying income tax and National Insurance owed to HMRC.
I always suspected that HMRC wasn’t really the Scrooge people think they are. To prove me right, they allow any business to claim the cost of an employee party as a legitimate business expense, up to a limit of £150 per person.
We all put off unpleasant jobs, especially with Christmas just around the corner. But while you’re buying your last minute presents or carving the turkey on Christmas Day, is there a niggling thought that you should be doing something important?
As a busy owner/manager, book-keeping software could be the answer to your prayers, saving you time on those hated monthly chores such as entering the receipts or sending invoices.
Are you still filing your self-assessment or corporation tax return on paper, or has HMRC persuaded you to go online?