Disallowable expenses can be the source of some confusion for small business owners. HMRC sets out clear rules to what you can and can’t expense. In this post, I’ll help you to understand what they are, give you examples of expenses and how to handle them on your tax return. I’ve also put together an … Read more
If you are self employed and work from home, then there are two methods you can choose from to claim for the cost of your home office against your taxes – a flat rate amount or a percentage of your homes actual running costs. The Flat Rate Method of Claiming For Your Home Office The … Read more
Long before you launch your start up and begin making sales, you will probably have begun to incur costs while you try, test and bring your idea to life. It’s no surprise that you may be wondering whether these early expenses which you probably paid for personally, can be claimed as a business cost so … Read more
You’ve set up your own Recruitment Agency and you are finally master of your own destiny! But amongst all the fun of meeting new people and the excitement of making your first placement there is always financial admin to deal with and you may be wondering what expenses are allowable for your agency.