Expenses... what can I put down and what should I avoid trying to get away with?
Matthew B: Expenses... what can I put down and what should I avoid trying to get away with?
Millward May: There are different rules for limited companies and sole traders which is confusing. We have a link summarising the most common expenses you can claim for both below:
Limited Company: www.millwardmay.co.uk/limited-company-expenses
Sole Trade (or Partnership): www.millwardmay.co.uk/sole-trade-expenses
At the bottom of these links are common things that business owners try and claim for that aren’t allowed as an expense - my personal favourite is speeding fines!