Blog
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Travel exemptions
- 31st August 2016
- Posted by: Sauba and co
- Category: Tax News
No CommentsThere are a few claims you cannot make for example you cannot claim for non business travel, fines so parking or speeding and travel between work and home. These do not count as business expenses and will have to be paid by you.
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Travel costs
- 30th August 2016
- Posted by: Sauba and co
- Category: Tax News
For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.
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Capital allowances
- 23rd August 2016
- Posted by: Sauba and co
- Category: Uncategorised
Capital allowances are claims on your tax return that will have a shelf life of 2 or more years and cannot be sold on as stock. these usually refer to:
- Vehicles used for work
- Machinery
- Tools
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Record keeping
- 15th August 2016
- Posted by: sauba-mag
- Category: Uncategorised
You should always keep records to help when it comes to your accounting. Some useful records to keep are:
- bank transactions (business account only)
- cheque stubs
- credit card/company card statements
- invoices
- recipts
- VAT records (if registered)
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Self employed help
- 11th August 2016
- Posted by: sauba-mag
- Category: Uncategorised
If you’re self emplopyed and need a little help with knowing what you can and cannot claim on your tax return then you’ve come to the right place. In this post we will give a list of what you’re allowed to claim as expenses.
For travel costs you can claim different expenses on how you travel. If you use your own car you can claim vehicle insurance, repairs, parking and fuel (only business usage).Other claims can include vehicle license fees, breakdown cover, hotel rooms, meals on overnight business trips and train, bus, air or taxi fares.