All costs associated with running your business can be claimed but whilst you might think some costs are business expenses HMRC may think otherwise! Here are a few of the expenses which you can and cannot claim.
You are a sole trader or self employed if you are in business for yourself and are not in partnership with anyone else and have not set up a limited company. If you have set up a limited company you would be employed by that limited company and be a …
If you are an employee or a business owner working from home HMRC allows you to claim tax relief for the costs incurred.
If you are a sole trader preparing to file your tax return did you know that some of your business expenses can be calculated using HMRC's rules for simplified expenses? This includes motor vehicle costs and working from home which can …
When you start out in business it is difficult to know whether to be a sole trader (self-employed) or a limited company. And many will wonder what the difference is and whether there are advantages of one over the other.
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