December 2016 issue: (click to jump to section)
- Travel and Subsistence (Humphrey & Co)
- How to use Local Search To Promote Your Company
- How often should you post to your social media channels?
- How can a Corporate Social Responsibility policy help your business?
- More awards success for Consortium…
- Upcoming Events
Join us for our Christmas lunches!
December has finally arrived, and with it a flurry of Christmas decorations have started lining town centres and adorning shop windows! The Ladies Lunch Clubs are certainly no different – our venues will be hosting the lunches with a Christmas theme this month, so why not come along and celebrate Christmas in style with a glass of wine and a two-course festive-themed lunch at amazing local restaurants and hotels.
Our last couple of Christmas lunches, in Brighton & Hove and Eastbourne, have been very popular (with Brighton sold out), so the upcoming lunches are also likely to fill up quickly. See below for a list of available dates to book.
We are delighted to announce that the current sponsors of the Eastbourne lunch, Humphrey & Co, will be continuing their sponsorship for the rest of the dates in 2017. Humphrey & Co are a chartered accountants and business tax advisers with offices based in Eastbourne and Brighton & Hove.
We would like to thank everyone who came along to the lunch in November, and we are delighted to be returning to the Grand Hotel in 2017 which has proven to be a very popular choice with many of our members over the years.
Whether you’re a newcomer or a regular attendee, we’d love to see you at one of our Ladies Lunch Clubs in 2017. We have no membership fees, no long-term commitments – just good food and good company.
Travel and Subsistence
There is much confusion surrounding the availability of tax relief on travel and subsistence costs. This guide provides a summary of the rules for the self-employed.
The travel must be undertaken wholly and exclusively for business purposes and must not include journeys between home and a base of work.
The case of Horton v Young established that an itinerant trader (see below) can be regarded as having a base of work at home, with tax relief available on the cost of travel from home to other work locations.
In the Samadian case, a medical consultant argued that he had a place of business at his home and claimed tax relief on expenses from his home to private hospitals, but the
Upper Tribunal held that as he needed “a home in which to live and carry on his private life” the travel costs were incurred for a private purpose and tax relief was disallowed.
The general rule is that the cost of meals is not eligible for tax relief as the self-employed individual must “eat to live” and thus does not meet the wholly and exclusively test.
However, there are exceptions:
The following are eligible for relief providing a deduction is also allowed for the cost of travelling and either the self-employed individual is an “itinerant trader” (required to travel constantly for business purposes) or only visits the place in question occasionally and there is no normal pattern of travel:
- The reasonable cost of food consumed at a place travelled to in the course of trade is eligible for relief; and
- The reasonable cost of food consumed while travelling in the course of trade
Hotels and overnight subsistence
Where the cost of travelling to the work location is eligible for relief under the wholly and exclusively test, relief is also available for:
• Costs of accommodation; and
• Cost of reasonable overnight subsistence
Tax-free childcare to launch in 2017
The government’s tax-free childcare scheme is due to launch in early 2017. As part of the scheme, parents will be able to set up an online account with HMRC to pay for childcare with a registered provider.
The government will top up the account by 20% up to a total of £10,000. The maximum government payment is £2,000 per child up to age 12, per year (or £4,000 for children with disabilities up to age 17).
To be eligible, each parent needs to be in work earning a minimum of £115 a week and have an annual income of less than £100,000.
Latest News & Blogs:
How to use Local Search To Promote Your Company
We help manage a lot of clients’ local search strategies. But what is local search marketing? Well basically it’s the strategy you use to make sure your company is found when people search for your services. It’s making sure that your details are in the search results, and in particular the local results which are often accompanied by the Google Map. [... Read more]
How often should you post to your social media channels?
Each channel is different and serves content in a slightly different way. You want to get the balance between getting your message across but without turning your followers off with too many posts. [... Read more]
How can a Corporate Social Responsibility policy help your business?
Here at Consortium we often include a Corporate Social Responsibility (CSR) Policy as part of our clients’ marketing strategies. Sometimes dismissed as a fluffy Management activity, a good CSR policy created in-line with your business objectives can bring many more business benefits than just the ‘feel good factor’. [... Read more]
More awards success for Consortium…
Since our last newsletter we are delighted to announce that we have been shortlisted in several categories in two more awards. In The Sussex Women in Business Awards we were shortlisted for 4 categories, we were delighted to be in 4 categories but even more delighted when Lara went on to win ‘Business Mentor of the year’. [... Read more]
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8th December, 2016 – Book here
Fish & Chip Supper at The Grand Brighton
9th February, 2017 – Book Here
Get Ready For Summer Spa at The Grand Brighton
7th June 2017 – Book Here