If an employee or company director is required to travel for work or work remotely for an extended period away from their usual office, their employer might cover expenses such as accommodation, meals, transportation, and other essential costs, referred to as subsistence. Subsistence while working away from the office typically refers to the necessary expenses incurred to sustain oneself while … Read More
Can I pay for Spotify and Amazon Prime through my Business?
We often see clients that put Spotify and Amazon Prime subscriptions through their business as an expense, because they use them in their everyday business life, but are they an allowable business expense? In the world of business and taxation, it’s no secret that managing expenses is crucial in maintaining profitability. Business owners often rely on tax deductions to ease … Read More
Paying for fuel through a business without a company car
Many business owners find themselves using their personal vehicles for work-related tasks. While it may seem convenient to pay for fuel through a business account when you don’t have a company car, it’s crucial to follow the proper procedures by submitting an expense claim instead. How should I report my business travel? If you do not have a company car … Read More
Can I buy my staff a coffee or a gift?
Do your regularly buy your staff a takeaway coffee or a lunch treat? Or there may be special occasions when you want to give them a small gift. But how would you account for this as a business? In today’s competitive job market, businesses are constantly seeking innovative ways to attract and retain top talent. While salary, career growth opportunities, … Read More
