tax deduction

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Q&A – Is a working holiday tax deductible?

2nd March 2020
Q. Mr Jones has arranged to add on a couple days to his family holiday so he can visit colleagues to discuss work matters. His accountant has told him that he can’t claim any of the costs relating to the trip. Is this correct? A. As you probably already know about the general rule for...

Employing close family – tax efficient or tax trap?

30th April 2019
Putting spouses and children on the payroll of your business can be tax efficient as long as HMRC are willing to accept the validity of doing so, but where do you stand if they decide to challenge your claim for a tax deduction? Tax expert Brona MacDougall provides you with some very good advice. In...