To claim tax relief on your mobile phone or landline expenses, a contract needs to be set up between your limited company and the service provider.
Expenses are great. By claiming all your allowable expenses, you reduce your company profits, meaning less tax to pay on them. Here's what to do.
There are often limited company business expenses that go unclaimed, which means you could end up paying more tax than you need to.
As a sole trader, your business will naturally incur running costs. The good news is that many of these running costs can be claimed as business expenses,
Most business owners will have their domestic business travel sussed, but international business travel has a few quirks you need to know about.
Using these advisory fuel rates, you can calculate what percentage of the business mileage rate applies to fuel and calculate the VAT on that element.
If you're a director of a limited company, you can claim up to £150 as a business expense for a Christmas party. There are some strict rules, though.
As a limited company, your travel expenses are generally allowed as a business expense where all of the following conditions apply you are responsible for paying the travel costs, the travel is necessary for your work. Find out more here!
What expenses can you claim when your business attends conferences? We explore the different ways to ensure you're tax-efficient.
If you pay for something for your business with your own money don't forget to claim it back as a business expense, we show you how.
HMRC set rules which will determine whether you have the right to claim travel and subsistence expenses whilst you work - check out our guide.