Advent Day 18 – Investing in Employees

Investing money into your employees can also be a great way to help you save on corporation tax too- allowable expenses include gym memberships and welfare costs, rewards schemes for a job well done, training costs and the cycle to work scheme.

Although it is worth noting that there could be a small amount of payroll taxes to pay if you offer specific individual benefits to employees (such as; medical insurances or company cars) these costs will still help reduce what you pay in corporation tax at the end of the year.