It might cost money to make money, but claiming any allowable expenses can help lower your tax bill. Read our information guides to find out what you can claim, as well as what records you need to keep about the expenses going through your business.
One of the areas that cause the most concern for business owners is what expenses they are allowed to put through the business. In fairness, the rules aren’t always totally clear, so to help people see the wood for the trees we thought it would be a good idea to look at some of the…
Claiming tax relief on allowable expenses as a self-employed business owner really is a no-brainer, whether you’re a sole trader or the director of a limited company. If you use a car or other vehicle in your business, then you can also use the costs associated with this to claim tax relief. How do I…
Whether you’ve relished the chance to ditch the commute and set up a home office, or you’re now suffering a combination of cabin fever and Zoom fatigue, it’s likely that working from home has cost you money. Even if you didn’t realise it. Thankfully, you can cut the cost of working from home in quite…
As a sole trader, you’ll be used to handling everything yourself. From marketing to sales, and everything in-between, it’s down to you. It means that you’re also liable for everything financially, including those tax bills. That’s where expenses come in. It might not sound very exciting, but keeping track of your expenses can significantly reduce…
Lots of people decide to use their personal mobile number when starting a business, as the most straightforward way to get going. If you are thinking of using your own phone as the business line though, just remember that this can affect how you claim expenses, the image it presents, and even what happens as…
