Blog Posts

Expenses

If you work for yourself in business then claiming expenses can affect how much tax you pay. Check out our information guides to find out what allowable expenses you can claim for. Learn more about different types of scheme, such as flat rate expenses, and how to claim for costs incurred by your business, including vehicles, travel, and working from home.

Tax Relief for the Self-Employed

Tax Relief for the Self-Employed

Self-employment can be hard work because as well as doing your job, you’re also dealing with marketing, sales, and of course,...

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What Are Simplified Expenses?

What Are Simplified Expenses?

Simplified expenses are a way of working out how much tax relief you can claim for business expenses. Rather than calculating...

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What is Depreciation?

What is Depreciation?

Depreciation is the declining value of a fixed asset throughout its usable life. It’s used in accounting to spread the cost...

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Understanding Accountancy Terms: Overheads

Understanding Accountancy Terms: Overheads

Overheads are costs which you incur in order to run your business, but they aren’t directly related to the product or...

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Can I Reclaim VAT on Fuel my Business Uses?

Can I Reclaim VAT on Fuel my Business Uses?

You may be able to claim back the VAT your business pays on vehicles and the fuel they use. As you...

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Claiming Business Expenses as a Self-Employed Sole Trader

Claiming Business Expenses as a Self-Employed Sole Trader

Working out what expenses you’re allowed to claim for in your business can be extremely confusing. Nobody wants to pay more...

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How Do Fuel Cards Work for Businesses?

How Do Fuel Cards Work for Businesses?

Whether you operate a business with a fleet of drivers, or you’re a self-employed individual who just wants to streamline their...

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Can I Rent an Apartment and Claim It as An Allowable Expense If I’m Working Away?

Can I Rent an Apartment and Claim It as An Allowable Expense If I’m Working Away?

You’ll normally be able to rent accommodation and claim the cost as a business expense if you’re working away – within...

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Working Out Mileage and Claiming Expenses for Electric and Hybrid Vehicles

Working Out Mileage and Claiming Expenses for Electric and Hybrid Vehicles

Electric and hybrid vehicles use their own dedicated mileage rates for expense claims. In this article we explain the potential tax...

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Can I Backdate Expenses?

Can I Backdate Expenses?

Claiming expenses is one of the main ways to reduce how much tax you pay. Whether you spent a fortune before...

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Leasing a Car Personally versus Through Your Limited Company

Leasing a Car Personally versus Through Your Limited Company

Should you lease a car in your own name or do it through your company? This is a question our clients...

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Can My Business Claim Tax Relief on Travel Expenses?

Can My Business Claim Tax Relief on Travel Expenses?

Running your own business usually involves some sort of costs, but the good news is that you can normally claim tax...

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