Insurance

insurance taken out for business purposes are deductible expenses e.g. Insurance for Office contents, Executive income protection, Key man life, Tax investigation, Professional indemnity, Public liability, Employers liability. Again, if insurance is taken out for personal assets then it is not a deductible expense. Life insurance funded by your company – as long as it’s a relative life policy is a tax deductible expense. This can be up to 50% cheaper than paying for life cover personally. Please speak with your financial adviser.