Allowable Expenses – The costs you can reclaim.

If you’re self-employed, there are costs which you are able to deduct as allowable expenses for your business in 2021/2022. Deducting these allowable expenses as part of your business’s taxable profits, allows us to reduce your income tax.  If your business has turnover of £50,000 in 2021/22, and you have £15,000 in allowable expenses, your[…]

Travel and Subsistence

Your obligations for reporting travel expenses Many employees need to travel as part of their job for various reasons, whether it’s acquiring new customers, working with current ones or attending conferences and events. The system of benefits and taxation surrounding this essential economic activity is classed as ‘travel and subsistence’ in the eyes of the[…]