Whether you are Self Employed or running a Limited Company there are costs you can claim as allowable expenses which include:

  • Stationery or phone bills
  • Office space rent and rates
  • Fuel, parking, train, air or bus fares
  • Uniforms & Personal Protective Equipment
  • Salaries or subcontractor costs
  • Stock or raw materials for your goods or service
  • Insurance, bank charges, currency exchange fees, accountancy fees
  • Heating, lighting, water etc for your business premises
  • Marketing costs
  • Training and personal development costs

Capital allowances

  • Equipment, tools, computing equipment etc
  • Machinery
  • Business vehicles

If you work from home (which most business owners do for at least a portion of the time), you can claim a proportion of your costs for things like:

  • Heating
  • Electricity
  • Council Tax
  • Mortgage interest or rent
  • Internet and telephone use

We can help you to find a reasonable method of calculating the portion of these costs.

For Limited Companies, you can also claim:

  • £150 per employee for a festive party
  • Eye tests
  • Reference books & professional subscriptions
  • Corporate branded gifts under £50 in value
  • Companies House Fees
  • Subsistence (reasonable evening meal for those working away from home)

Ask us about your allowable expenses and how to be as Tax efficient as possible.