It’s the coming up to the start of the financial year, and we know what that means.  Strategic Planning! Bonus Planning!  Goals and Objectives!  From a financial point of view in planning we can mix up the terms Forecast, Budget and Targets.  Each has an important role to play in business organisations.

It’s getting to that time of year again, and if you’re like us you haven’t bought christmas presents for family, yet let alone for your staff.  It’s time to look at how these are treated for tax purposes! 

Business owners are usually pretty good at monitoring the performance of their staff (and rectifying it with a short, sharp kick…).  On the other hand, and more often than not, they’re not quite as good at monitoring their own performance.