If you are just starting out as self-employed, or have been for a while, here’s a refresher on the types of expenses you can claim in your tax return. Claiming …
What is depreciation and how does it work in a small business?
In relation to a small business, depreciation means the decrease in value of something your business owns (an ‘Asset’). For example, you might own a Macbook Pro that cost £2100. …
The Super Deduction – 130% Tax Relief
Announced in the 2021 budget, the new Super Deduction measure allows you to get even more tax back than before when buying ‘the big stuff’, such as: New vans New …
Can I pay for business expenses with cash?
As business accountants this is a question that pops up all the time. In this blog, we debunk some business expenses myths and give you some practical advice on making …
Working From Home Expenses: Limited Company
If you’re a limited company and are rolling out increased flexible working, or simply want to be aware of what you can claim as working from home expenses for your …