Entertainment in business
Entertainment in business Most businesses do give gifts to their employees and provide entertainment to their clients. I have explained in the blog, The tax consequence of doing this. Here is the issue with business entertainment: Entertainment in business is an allowable accounting expense when it relates to the business, however, could be disallowable […]
TRIVIAL BENEFITS TO EMPLOYEES
Savings on trivial benefits The trivial benefit was first introduced in April 2016. It was introduced to encourage employers to give employees benefits without incurring income tax and national insurance on the cost of this benefit. The cost of the benefit to the employers or another organization providing the benefit on behalf of the company […]