Wednesday, 31 August 2016

Travel exemptions



There are a few claims you cannot make for example you cannot claim for non business travel, fines so parking or speeding and travel between work and home. These do not count as business expenses and will have to be paid by you.

Tuesday, 30 August 2016

Travel costs



For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.

Tuesday, 23 August 2016

Capital allowances

Capital allowances are claims on your tax return that will have a shelf life of 2 or more years and cannot be sold on as stock. these usually refer to:
  • Vehicles used for work
  • Machinery
  • Tools

Monday, 15 August 2016

Record keeping

You should always keep records to help when it comes to your accounting. Some useful records to keep are:
  • bank transactions (business account only)
  • cheque stubs
  • credit card/company card statements
  • invoices
  • recipts
  • VAT records (if registered)

Thursday, 11 August 2016

Self employed help

If you're self emplopyed and need a little help with knowing what you can and cannot claim on your tax return then you've come to the right place. In this post we will give a list of what you're allowed to claim as expenses.


For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.
There are a few claims you cannot make for example you cannot claim for non business travel, fines so parking or speeding and travel between work and home. These do not count as business expenses and will have to be paid by you.


You may use part of your house for the business. You can only claim for the expenses used by that such as utilities used, rent, property insurance and security.

Some other expenses you can claim are:
  • Stationary
  • Clothing (unfiroms, protective gear)
  • Resellable goods (stock or raw materials)
  • Advertising in newspapers
  • Subscriptions (trade journals)