It is always beneficial for you to claim Business Expenses through your Company where applicable. Business Expenses submitted for your Company are tax deductable and subsequently reduce the amount of your Company’s Corporation Tax
HMRC rules state that expenses can be claimed provided they are “wholly and exclusively for the purposes of your business”
This means you can claim expenses such as:
- business travel and accommodation, including mileage
- meals and subsistence while away from home
- postage, stationery, telephone calls,
- child care
- business entertainment.
- Home office
Further information on the types of expenses that can be claimed together with the relevant claim forms can be found under Factsheets on your Contractor Portal which can be accessed via the following link https://portal.fwaccounting.com/Account/Login
If you require any further information on expenses, please do not hesitate to contact your Account Manager.
Self Assessment – Q & A
Self-assessments. We have all heard of them, you maybe even know what they are. However, here at QAccounting some of our most frequently asked questions are about self-assessments. So below we have outline some of the most common questions we get asked, and the answers we get so tired of giving… just kidding.
Setting Up a Limited Company – 5 Key Things to Consider
If you are looking at going self-employed, then setting up as a Limited Company (LTD) may be the best option for you.
The Benefits of Having an Online Accountant
Here at QAccounting we are part of one of the UK’s largest contractor service providers. We started operating over a decade ago (around the same time DFS started their first sale) and have been dedicated to serving self-employed professionals ever since. One of the perks of choosing and accountant like QAccounting is that we offer all of our accounting services online.