Tax Tip #2 - Tax Free Income and Incentives

Take advantage of tax free income from your company both for yourself and to incentivise your employees.

You could provide your employees some trivial benefits, this could be:

1. Taking a group of employees out for a meal to celebrate a birthday.
2. Buying each employee a Christmas present or birthday present.
3. Flowers on the birth of a new baby.
4. A summer garden party for employees.

As long as the cost per employee does not exceed £50.

These could also be in the form of a voucher (as long as they can't be converted to cash). What better incentive than to give your employees a voucher that they could spend at their favourite store?

If you are a one man band, then a Christmas present to yourself on behalf of the company would be nice!

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Alex Bahamin
Tax Accountant