Introduction Since the new legislation on flat rate VAT came in in April thousands of small businesses have been forced into making the change over to standard rate VAT. It’s clear that the added administration and complexity is putting extra pressure on small business directors so we created this guide to help you when deciding… Read more »
Posts Tagged: Expenses
When you’re busy trying to run your business, it’s hard to keep track of what business costs and expenses are eligible for tax relief – and that might mean that you end up paying too much tax! In these guides FreeAgent’s Chief Accountant Emily Coltman lists some common business costs and expenses, and walks you… Read more »
Are you one of the many self-employed people in the UK that carries out work from their own home? If the answer’s yes, then there’s good news for you: you’re entitled to include part of the running costs of your home in your accounts, which will save you some tax. Hurray! Now – how do… Read more »
Entertaining people can be a very enjoyable part of being in business – as sharing time, food and drink away from the office can help to build and cement working relationships. But when can you claim tax relief on the cost of entertaining someone, and what about VAT?
Are you self-employed and have to regularly travel for your business? And does this travelling ever involve an overnight stay away from your home? If the answer is yes, then there’s good news – you may be able to claim some of these costs back. Here’s a few tips for working out which travel and… Read more »
FreeAgent’s Chief Accountant Emily Coltman guides you through HMRC’s rules for claiming tax relief on clothing and what counts as taxable benefit.
Security was the theme of the July Budget. Growth and fairness were the themes of the March Budget. Find out more about the individual measures in our 5-page PDF guide.
This year’s budget announced two measures which will increase the tax bill for limited companies with only one director, who is also the only shareholder of that company, and does not employ anyone else. Emily Coltman FCA, FreeAgent’s Chief Accountant, takes a look at the Summer Budget in more detail. Here are some of the… Read more »
Can I claim it? The free guide for sole traders, partnerships and limited companies brought to you by FreeAgent.
FreeAgent’s Chief Accountant Emily Coltman guides you through the maze of claiming for edible expenses on business trips.