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A Contractor’s Guide to Claiming Business Expenses!

 

Business expenses are the costs you incur whilst performing your business duties. They must be reasonable and must have been incurred “wholly, exclusively and necessarily” in the performance of your work duties for business purposes. There should always be a reasonable expectation that the expenditure will contribute towards future revenue generation

HMRC can and do check what’s been claimed and will ask you to provide evidence that the expense that has been incurred, was reasonable (i.e. supported with a receipt) and was a genuine business expense. Each time you claim business expenses you are asked to ensure that you only claim allowable expenses and that you retain the receipts. This guide looks at all things Business expenses related. Download this free guide to learn more by filling out the form.

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A Contractor’s Guide to Claiming Business Expenses

In this guide, we have shared the following information:

  • Travel, Subsistence & Accommodation
  • Professional Fees
  • Professional Membership & Work Related Training
  •  Entertaining
  •  Insurance
  •  Pensions
  • Childcare
  • Sundry Expenses

If you feel you need more advice about how to claim your business expenses, or if you have any questions about what you can claim, download this guide to learn more and call Orange Genie Accountancy today on 01296 468 185. 

To get your free copy today, fill the form above.

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