Category Archives: Expenses

Mobile phone exempt costs

11th May 2021 Posted by -

When an employee incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these

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Keeping self-employed tax records

28th April 2021 Posted by -

If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate

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A reminder that not all costs are costs

30th April 2021 Posted by -

Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material

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Website Development is it an expense

Website development costs

22nd April 2021 Posted by -

One of the main areas to consider in deciding how to treat a deductible expense is whether the cost is revenue or capital in nature. There is no single, simple […]

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Expenditure disallowed

25th March 2021 Posted by -

When deciding whether an expense is allowed or disallowed for tax purposes it is important to bear in mind that the expenditure must be incurred

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Tax-free mileage expenses

24th March 2021 Posted by -

If you use your own vehicle for business journeys, then you may be able to claim a tax-free allowance from your employer known as a Mileage Allowance

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Keeping pay and tax records

12th February 2021 Posted by -

Following the 31 January 2021 deadline for submission of Self-Assessment tax returns for 2019-20, it can be a useful exercise to review the rules for

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Making good fuel provided for private motoring

2nd February 2021 Posted by -

Where an employee with a company car is provided with fuel for their own private use by their employer, the default position is that the employee is required to pay the car fuel benefit charge. The

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