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We offer a range of high quality accounting, financial and business services in and around Milton Keynes.
B2B Business Advisors Limited can provide assistance to self-employed people in the Milton Keynes area on allowable expenses and other tax and financial issues...
We are often asked "What expenses can I claim now that I am self employed?"
The rather glib answer is "Anything that relates to your business". Whilst this is generally true, there are some expenses which, although genuine business expenses, are specifically excluded from tax relief, such as:
April 2013 saw the introduction of a new cash basis for calculating taxable income for small unincorporated businesses. One of the measures allows any unincorporated business to choose to use flat rate expenses for the following items of business expenditure:
This information is not exhaustive. Please contact us if you have any queries about the allowability of specific expenses.
If you are self-employed in the Milton Keynes area and would like advice on claiming allowable expenses, contact B2B Business Advisors Limited.
Why not register to receive our monthly newswire? This is packed full of essential business news and handy tax tips to help save you money.
Our handy tax calendar provides an overview of the key tax dates for your diary.
B2B’s interactive tax calculators can be used to calculate VAT due, the taxable benefits on your company car and how much your savings are worth.
Keep up to date on the latest from the world of business and tax with our daily news stories.
15 Jan 2019
Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its slowest pace in six months.
14 Jan 2019
Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average of 43 days to be paid by government contractors.
11 Jan 2019
HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses.
10 Jan 2019
From 9 January 2019, the government's new ban on pensions cold-calling takes effect.