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Business Expenses you can claim

A business expense is any expenditure that is a wholly, exclusively and necessary expense incurred by the business for its performance or day to day duties.

In theory this is straight forward, however the reality can prove to be rather more complicated. Some expenses are obviously solely related to the business or the purchase of stock and materials, rent for business premises, stationery and postage etc, however many expenses may be part business and part private. In this instance you are able to claim the proportion that is clearly identifiable as relating wholly and exclusively for the business.

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    David Evans, R T Booth & Co Ltd
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    Dave Lawson, Cardiff
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  • "At first I was somewhat reluctant... I have been able to establish a mutual trust and experienced a professional and thorough service."
    Kevin Morrissey, Sheffield
  • "When appointing an accountant it was very important to me to select someone who was not only knowledgeable but friendly and approachable. I have always received proactive, professional advice and I know that the specialist advice I require to run my business is only ever a phone call away. A VAT full cost and apportionment calculation was recently undertaken for my company. As a result of this, my percentages have reduced, thereby saving me additional money."
    Ian McGarvey, Ian McGarvey