Resources - expenses

A selection of great tools, business guides and articles to help make your business a success

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Reduce your company tax bill by doing a good turn

Reduce your company tax bill by doing a good turn

Charitable giving is something many organisations might not be considering in the current climate, especially as everyone is struggling to pay their bills. But if you have money to spare within your business, then charitable giving is a great way to reduce your tax...

P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via the expenses...

How you can benefit from salary sacrifice

How you can benefit from salary sacrifice

Salary sacrifice is something you may have come across before but not fully understood. After all, why would anyone want to voluntarily give up some of their salary? The reality is that, in some instances, using salary sacrifice to get alternative benefits can reduce...

Self-Assessment – it’s getting to that time again

Self-Assessment – it’s getting to that time again

Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...

Clever Ways To Manage Your Travel Expenses

Clever Ways To Manage Your Travel Expenses

Some freelancers spend a lot of time behind the desk. Others barely sit down. Every self-employed worker is different. And, as a result, tax liabilities are never quite the same for any two people. Those who travel frequently, for example, may be entitled to claim...

5 Ways To Become A Better Bookkeeper In 2017

5 Ways To Become A Better Bookkeeper In 2017

Some principles of your business will never change: the monitoring of incomings and outgoings; tax submissions; collating your transactional evidence through the year. However, the means of doing so are being digitised and simplified, evolving with the pace of our...

What Expenses You Can and Can’t Claim

What Expenses You Can and Can’t Claim

Registering as a limited company can help you minimise your tax burden, provided you go the right way about claiming expenses on your tax return. As such, it’s crucial to understand what you can and can’t claim as a business expense. To give you an introduction to...

Umbrella company expenses to be disallowable in 2016

Umbrella company expenses to be disallowable in 2016

As Budgets go last year’s wasn’t too kind on the self-employed, the bad and the ugly outweighing the good that came from Osborne’s speech. We saw tinkering to dividend structure, Employment Allowance and IR35 – but without doubt the biggest bombshell came in the...

What expenses you can and can’t claim

What expenses you can and can’t claim

As a freelancer or contractor in the UK, you are responsible for keeping track of your income and ensuring that you are paying the correct amount of taxes each financial year. While hiring a professional bookkeeper is always best practice, you should be aware that you...

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