Small Business Expenses Advice

Articles and guides on the complex subject of business expenses. Keeping correct records can help lower your taxes and increase your profits, so find out here advice on what qualifies, what is allowable and which expenses are deductible.

Accounting

UK businesses prepare for busiest expense claims week of the year

Concur analysis of millions of expenses predicts deluge of expense claims in last full working week before Christmas.

Accounting

Expenses fraud: Haven’t we heard it all before?

Here, Melanie Guy discusses the importance of an appropriate and up-to-date expense policy which your employees understand.

Accounting

Managers risk signing off on non-compliant expenses

Business managers are spending a remarkably short time on expenses approvals, according to a study.

News

Mismanagement of expenses means small businesses risk overpaying tax

Just one in five micro-business owners say they claim back all of the expenses they incurred for their business, finds a study.

News

Numerous small companies do not have a system for employee expenses

A quarter of UK businesses operate without a policy outlining what employees can and cannot claim on expenses, a study finds.

Accounting

Most businesses don’t exercise the right to claim back expenses

Only one in four small business owners claim back all of the expenses they incur personally for their business, finds research.

Accounting

Managing employee expenses

One of the biggest headaches for small business owners is the problem of employee expenses. SmallBusiness.co.uk offers some top tips to managing them.

Accounting

Business expenses claimable against Income Tax

I am a sole-trader who has been trading for 3 years. I currently have rented office space, however I am in the process of extending my home to provide me with the facilities to work there instead. What build / equipment costs, if any, can I write off against tax?

Accounting

Guide to pre-trading expenditure

If you have expenses in respect of your self-employment in the seven years before you commenced trading, you may be able to claim these items against your profits.