Uniform Allowance

Wearing a work uniform may not be seen as a benefit – but you can gain Tax relief from it! HMRC give you the opportunity to claim up to 4 years’ worth of uniform allowance. What is classified as a uniform? ‘A uniform is a set of specialised clothing that’s recognisable as identifying someone as…Read More

Home Working Allowance for Directors & Employees

Homeworking expenses include supplies used in order to complete your work. Computers and other technology Furniture Internet Access Homeworking allowance for an employee only applies to expenses that are completely necessary and exclusively in the performance of employee duties. In other words, you cannot proportion expenses for personal and business use. Currently, HMRC allows a…Read More

Home Working Allowance for Self-employed

The homeworking allowance allows you to claim back certain expenses to cover the costs incurred when working from your home. These include: Room space Gas and Electricity Phone Bills Exempt expenses would include anything that is for personal use. Method 1 – Apportion actual costs As a self-employed individual working from home, you can choose…Read More

George W. Bush

In the corporate world, sometimes things aren’t exactly black and white when it comes to accounting procedures.

George W. Bush