Limited company expenses are allowable expenses that your business can deduct from it's income, thereby helping you to reduce your Corporation Tax bill.
What expenses can I claim?
Corporation Tax
Corporation Tax is basically an income tax on companies - the difference between a company and an individual is that a company does not have a tax free personal allowance.
Claiming Capital\Annual Investment Allowances
In running your business there are day to day costs (such as rent, utilities, stationary, salaries, etc.) and there are one-off (usually larger) costs and these will usually be assets.…
Filing Your Company Tax Return
HMRC require a company to report it's spending, profits and corporation tax and this is done via a Company Tax Return. This involves submitting a financial report with calculations showing…
What is a P60?
Every employee working for you on the last day of a tax year (5 April) has to be given a P60. They must receive it by by 31st May of…