All posts tagged solo

Ho Ho Ho! the beauty of being a solo Business Owner at Christmas…

Bit of fun… Being a one person ltd company: I can have a Christmas party for all employees (me); invite my wife or partner (but not both!) spend and get tax relief on it. there is no taxable benefit in kind as I stayed with the rules If I had tried to spend out any other way then I could easily be paying a marginal FBT. So I can take the partner out for a nice meal knowing that the tax man is effectively funding our meal (and they don’t need to know that either). I feel good, partner feels…

Top
Page 1 of 1