Accountants should ensure their small owner managed business clients are aware of excessive remuneration for family members, a leading tax expert has urged.
The warning was made by lecturer Nichola Ross Martin during the latest AccountingWEB breakfast tax tutorial held in the lavish surroundings of the Law Society's headquarters in central London.
After enjoying morning coffee and croissants, the AccountingWEB contributing editor drew the attention of the 40 delegates in attendance to the rules to watch out for when advising SME clients on employee remuneration and benefits.
"HMRC is increasingly attacking the remuneration strategies of owner-managed businesses," she said. "Businesses and their...