Author: nebojsa.smrzlic

What is Income Protection? Income protection provides you with a regular income, which is paid out if you cannot work due to medium or long-term illness or injury. It is designed to supplement some of your earned income if, due to illness or injury, you cannot earn an income yourself.Income protection is available to those…

What business expenses can I claim when relocating for a Contract? When relocating for a contract role, you can claim tax relief on the cost of Travel Costs Accommodation Costs Removal and Storage Costs What business expenses can I claim when relocating for a Contract? For contractors who have not sourced accommodation, a subsistence rate…

Can I Purchase a Property through my Limited Company? Yes. A limited company is a separate legal entity and as such isentitled to purchase property subject to Directors and Shareholdersapproval. Below are the scenarios and taxation pitfalls in relation to purchasing a property Advantages of Purchasing Property through limited Company Summary We would advise that…

Can I Purchase Investments like stocks and Funds in my Limited Company? Yes. A limited company is a separate legal entity and as such isentitled to purchase property subject to Directors and Shareholdersapproval. Below are the scenarios and taxation pitfalls in relation to purchasing investment Advantages of Purchasing Investments through limited Company Summary We would…

What is an Executive Pension? An Executive Pension is a pension set up by the ltd company for the benefit of the Directors/Employees of the company. The pension is set up under a trust and typically the employer will act as the trustee.With an Executive Pension both employees and employers can make contributions.The ultimate value…

This document is a guide to claiming expenses when incurring Foreign Travel expenses whilst carrying out duties of Contract What are conditions that I must meet to claim foreign travel expenses (i) The travel must be wholly and exclusively related to your contract work(ii) The site you are working on abroad must not be your…

The employment of a family member or spouse is a question that commonly arises.Below are the FAQ’s in relation to the employment of spouse or family member. Am I legally allowed to employ spouse in my company? Yes, there is no legal impediment to stop you employing a spouse or family member, it is up…