Looking for ways to make festive savings? Follow these business money saving tips from the expert accountants at The Kelvin Partnership.
We will ensure that your business isn’t slowing down now that we’ve reached the colder months. And don’t worry, you’ll still be able to enjoy the party season! After providing financial support and guidance throughout the whole year, a Glasgow accountant will ensure your end of year business matters are all in order, ready for 2019.
Festive Business Money Saving Tips from The Kelvin Partnership
Business Christmas Party
Did you know that your Christmas party can be claimed back from HMRC as a business expense? From up to £150 per person, the VAT is reclaimable. As long as this is the only function of the year and every member of staff is invited, you will be able to have some much-deserved fun with your colleagues and unwind after a hard year!
Make sure your office, shop or workplace is decked out, because you can also claim tax relief on the costs of decorations! Not only is this is one of the best business money saving tips we know of, but it will also bring some festive cheer to your employees! Sprinkle seasonal spirit around your company with lights, tinsel and happy staff.
Lastly, gifts for your employees may also be reclaimable. Given that this gift is under the value of £50, using the Trivial Benefits in Kind exemption, it can be exempt. Why give something special to your employees at the end of this year?
At The Kelvin Partnership, we provide the highest standard of accounting services, from VAT to company formation, we will make sure your business and it’s finances are looked after. Wondering if it’s worthwhile to use start up business accounting services? Take a look at our last post.