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.
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….
Contracting is a great way of life and for many people, it’s a way to combine the freedom of self-employment and the security of a regular job. But, to avoid any unfair tax avoidance, HMRC has been cracking down on so-called ‘disguised employment’ for many years. What is disguised employment? A disguised employee is someone…
Now, none of us are mind readers, so it’s always useful to have some help knowing what’s going on. Here at Pandle HQ we think this is particularly important when it comes to your bookkeeping. Everything we do is driven by providing accounts software which is easy to understand and use. The trouble is, littering…
One of the areas that cause the most concern for business owners is what expenses they are allowed to put through the business. In fairness, the rules aren’t always totally clear, so to help people see the wood for the trees we thought it would be a good idea to look at some of the…
