How To Claim Back Your Business Motor Expenses

How To Claim Back Your Business Motor Expenses

  Motor Expenses And Mileage. If you are a sole trader or in a business partnership and use your car or van for your work, then there are two different methods you can use to claim mileage costs as an expense. Once you have chosen a method to use, you will have to continue using that method until you change your vehicle. It is best in your first year of trading to get your bookkeeper and accountant to look at both methods so you can see which is best for your business. Both methods require you to keep mileage records…
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Are You Missing Out On Tax Relief?

Are You Missing Out On Tax Relief?

Do you incur expenses working for an employer that are not reimbursed? Maybe you wear a uniform which you have to launder at home? If you work for an employer and do not fill in a self assessment tax return every tax year, then you may be able to claim tax relief on these expenses. What is tax relief? Tax relief is an amount that can be deducted from a worker’s annual income which will reduce the amount on which tax is paid. Many people miss out on claiming tax relief and reducing their tax bill. Here are a few…
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