As a company director, treating a potential client to lunch feels like a standard marketing cost. You are trying to win business, after all. However, HMRC draws a very hard line here. No matter how you label it in your accounts, client entertainment is never allowable for tax relief in the UK. Here is what … Continue reading
Self-employed business owners in the UK face a unique set of challenges. Among these is the dual burden of paying both National Insurance contributions and income tax. This system seems downright absurd to many – is there any merit to it? The Financial TightropeRunning a business is no easy feat. Self-employed individuals wear many hats … Continue reading