Claiming all small business expenses is critical to make sure your taxable profit is as low as possible. Here’s a handy list of the most commonly deducted purchases to help you decide what claims are allowable in your case.
Business travel costs are one of the most common expenses related to running a business. Be it a client meeting, a conference or a meet-up, travelling for work happens regularly in most companies. Here’s a short guide on how to make sure all travel costs are allowable and well-documented.
Good planning is essential for all businesses, yet when it comes to tax planning, it can often seem overwhelming. There is a myriad of different schemes and relief options to reduce taxes out there in the UK, but digging around to find out which ones you are eligible for can be time-consuming and confusing.
British businesses sometimes miss a trick when it comes to claiming business expenses. Being too cautious with your expense claims could cost you money in unnecessary tax, but it’s important to know where to draw the line. We explore which expenses pass, and which have gone too far.
In today’s global economy it is likely that your small business has to deal with expenses based on invoices issued in another currency and language. These documents are perfectly okay as proof of your business costs, as long as they’re allowable. Here are five common issues regarding foreign receipts and invoices you need to pay […]