Welcome to Business e-newsletter No. 2:

February 2012

Spring's just around the corner, so now's the perfect time to freshen up your finances with two smart tax tips and a link to the useful Travel and Subsistence page on our website. All designed to get you off to a great start!

Tax Tips:

Save Money Now with Effective Year-end Tax Planning!
April 5th is fast approaching, so don't delay. Click here  to find out more about how you could save money before 5 April 2012.
Get Tax Relief on Life Assurance Cover - What's in a Name?
By using Relevant Life Policies (if you trade as a Limited Company), you can get Corporation Tax relief on life assurance premiums and not be taxed on a benefit in kind. How? Well, the company pays the premium (an allowable expense for corporation tax). In the event of a claim on the policy, proceeds are paid from a Relevant Life Trust to beneficiaries, and the premiums are not treated as a taxable benefit. If premiums are paid by a company on a policy that's not a Relevant Life Policy then the premiums are a taxable benefit.
To find out more: call us on 01200 428460.
Business News:
Travel and Subsistence
We're often asked about the best way to make subsistence payments for directors and employees who work away from base. Here's how you can cut down on some paperwork and pay tax-free amounts by making effective use of HMRC guidelines. Click here to find out more.