It might cost money to make money, but claiming any allowable expenses can help lower your tax bill. Read our information guides to find out what you can claim, as well as what records you need to keep about the expenses going through your business.
Everything we do here at Pandle HQ centres around making bookkeeping as simple as possible. After all, the whole point of software is that it makes things faster and easier, and that’s what Pandle is all about. No shuffling through paperwork, no flipping from your receipt capturing app to your accounting software trying to join…
Some employers provide perks, known as Benefits in Kind (BiKs), to employees and directors that aren’t part of their salary, such as: Company cars used for private trips Non-business entertainment Assets bought by the company that are for private use Private health insurance Gifts which are given as a result of the employee’s performance…
Business fraud occurs when scammers, from either outside or inside the organisation, falsely represent themselves or lie for financial gain. It can have a massively destructive effect on your business’s finances, reputation and more. It’s easy to get lost in the day-to-day of cash flow management and the hundred other things demanding your time, but…
In business the terms “costs” and “expenses” are commonly used interchangeably and, whilst this is fine in everyday conversation, it’s good practice to define the difference when we’re talking about a business situation. The reason for this is that costs and expenses are recorded differently in a business’s accounts and, in some cases, have different…
Nobody wants to pay more tax than they need to, and there is no reason why you should pay more than your fair share. So, in this post, we’re going to look at the different allowances and tax reliefs that a self-employed person can claim. This isn’t tax avoidance, or any kind of shady practice….
