How many times would you have liked to pay less taxes? My firm, with the help of two different tools, can give you significant savings and both can be used after preliminary verification.
An example for companies is to account for reimbursements for director travel actually made and mileage reimbursements according to ACI rates, as well as taking out a policy for TFM.
Reimbursement of Directors' expenses for flat-rate/mixed travel, mileage reimbursements and T.F.M.
To obtain reimbursement of expenses for unusual travel, you must first be a company, therefore this procedure is not suitable for individual businesses. Travel reimbursements are granted by the Company to its directors and/or employees in the event that they make a temporary change to their normal working location, it is therefore an indemnity that is paid to compensate for both the inconvenience caused by the temporary change of place of work, and for the support of greater expenses incurred to carry out one's task.
He T.F.M.. (end-of-term compensation) it works like severance pay for employees, but this is in favor of the company's directors who will have a sort of liquidation if their mandate ends.
Flat Rate Refunds, mixed and analytical
Flat rates:
In this case, the director and/or employee is entitled to a reimbursement of expenses, for trips made outside the municipality where the company is based, daily regardless of the expenses actually incurred and the portion paid is exempt from contributions and taxes, while for the company it is deductible.
The limits for the exemption are:
46,48 euros for trips to Italy.
77,47 euros for trips abroad.
Mixed:
these are flat-rate reimbursements to which the accommodation and food costs incurred are also added.
The limits for the exemption are:
30,69 euros for trips to Italy.
51,65 euros for trips abroad.
Analytical:
The analytical or list-based reimbursement, presupposes presentation, by the individuals making the trip, an expense report complete with all supporting documents. The analytical reimbursement is also exempt from contributions and taxes only if the trip is carried out outside the municipality of residence.
Mileage reimbursements
Mileage reimbursements are paid by the Company to its directors and/or employees based on how many kilometers the latter travel on behalf of the company with their personal cars.
The cost per km to be applied to the kilometers traveled is calculated using the Aci tariffs and the amount paid by the Company is exempt from contributions and taxes.
The limits for the application are the tax horses:
17 for petrol engines.
20 per i diesel.
In the event that your car exceeds these limits, the deduction will be recalculated and will be resized according to the limits written above..
TFM and supplementary pension
He T.F.M.. (end-of-term compensation) it is a provision that is made by the Company for its directors. Like severance pay for employees, at the end of their mandate, the directors can benefit from a disbursement from the company of the amounts accrued each year.
This is fully deductible to the Company.
The supplementary pension is a provision, at the end of the year or during it, of a deductible amount for the company not exceeding 5000 euro, which will come later “collected” at the time of retirement age.
Note:
the consultancy to use these tools is completely free and it is important to check your tax position to avoid incurring sanctions and interest from the financial administration. The firm recommends not using these procedures without the help of a consultant and exempts itself from any liability for improper use of these tools.
For more information do not hesitate to contact me.