How to Track Income and Expenses

how to track your income and expenses

Are you someone who looks at your business accounting and thinks, ‘I can’t do this!’? Maybe you’re not great at Maths or the idea of bookkeeping makes your head spin. Either way, setting up a new business as a sole trader means that you are also the boss of your own payroll department. Therefore, it’s …

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How Can I Buy an Electric Car Through My Business?

pros and cons of an electric car

Understand how to buy an electric car through your business, as well as the pros and cons of doing so, whether you’re a sole trader or have a Limited Company.

How to Prepare an Income and Expenditure Statement

how to prepare an income and expenditure statement

Check how your business is performing and get the numbers you need for tax-time by preparing an income and expenditure statement. Here you can see what one looks like and read some advice of what you need to look out for when you add your numbers and the impact on your taxes.

What Business Records Should You Keep If You’re Self-Employed

keeping business records

Paperwork urgh! But if you have been burying your head in the sand when it comes to your paperwork, then it may be time to pull your head out. There are legal requirements set out by HMRC detailing what business records you need to keep and for how long.

Can I Claim Coaching as a Business Expense?

claiming coaching as a business expense

Find out what coaching expenses you can claim on your tax return, depending on the type of coaching you have booked.

Claiming for the Cost of Eye Tests and Glasses as a Business Expense

claiming for your eye test as a business expense

Whether you can claim for the cost of your eye tests and glasses as a business expense depends on your business structure and how you use your prescriptive eyewear. Here’s how to decide if you can or can’t claim for yours.

Claiming For Your Home Office If You’re Self-Employed

how to claim the use of home allowance

Find out how much you can claim for your home office against your HMRC taxes if you are self-employed and the records you should keep.

How to Claim Your Bicycle as a Business Expense

how to claim your bicycle as a business expense on your taxes

If you use a bicycle for work reasons then it is possible to claim for the cost against your taxes, either using a flat rate for each mile you travel or for the full cost of a bicycle.