Expenses

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to understand what expenses...

Whether you are a Limited Company veteran or just starting out for the first time, the HMRC rules on company expenses can be complex. The ground rule to keep in mind is that you can only reclaim expenses that have been incurred ‘wholly, exclusively and necessarily’ for the everyday running of your business. How to claim expenses You...

Whether you’re a company director or an employee, you may need to claim for fuel and business mileage. Motor expenses can be difficult to get your head around, and different rules apply depending on whether you are self-employed or the director of your own limited company. This guide will talk you through the options available, helping you to...