Tax free gifts... for you and your employees!

I’ve made a library, it’s on Patreon, and you should join:
  / copperlibrary  

... A business can give small gifts to its employees tax free. And if you are a director of a company you own, you are an employee too! Time to start choosing your gifts and saving some tax!

As ever with tax, you won't save money by *spending more*! But you you might save money by deciding that something you were going to buy for yourself is actually a tax free gift from your own company.

0:00 Intro
0:32 Rules?
1:37 Not rules?
2:30 Directors?
4:10 Something new

Let me know if you have any questions in the comments.

Thanks for watching!

https://www.thecoppercoins.co.uk/

If we haven't met yet, then hi, I'm Benedict, I'm a Chartered Accountant. This channel is my place to give tips and advice to freelancers, small business owners, start ups, entrepreneurs... anyone who might need a bit of guidance from an accountant in the UK.

My accounting firm is called The Copper Coins; head over to my website if you need more help than a YouTube video can provide.

DISCLAIMER TIME: Are you my client? No? You don't have an engagement letter from me with my signature on it? Well then I guess you're not my client, not right now at least. So, of course, I have to warn you that this is just general information, just me talking about my experience with accounting, and that my company and I can't be held responsible for what you do with this information. I make these purely to be helpful, but I may have made a mistake, or brushed over some subtleties of the law, or you might be in a situation that means this information is wrong for you. If you want personal accounting advice, go find an accountant and talk to them and maybe hire them. I might be taking on new clients if you want to get in touch. Thanks.