Limited Company Expenses

You can offset any legitimate business expenses you incur against your company’s Corporation Tax bill. But the rules are complicated. Here are our most popular guides.

pre incorporation costs claim
Limited Company Expenses

Claiming back pre-formation costs from your limited company

As anyone who has started their own business knows, it can be a costly exercise with a range of expenses to absorb before you’re officially up and running. The bills can quickly add up and typically, these have to be paid from your personal funds. The question is: can you claim any of these expenses

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24 month travel expenses
Limited Company Expenses

What is the 24-month travel expenses rule?

One rule that is highly relevant to a limited company contractors in particular is the 24-month travel expenses rule. At a glance, it all seems pretty straightforward but when it comes to HMRC and allowable expenses, nothing is ever quite that simple.

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expenses membership professional
Limited Company Expenses

The tax treatment of professional subscriptions

Whether you work as a freelance contractor, director of a limited company or business owner, joining a trade association can help to keep you up to date with what’s going in your industry and be a useful forum for discussing new legislation, finding contacts, or sourcing work. Typically, you’ll have to pay an annual subscription

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company hardware software expenses
Limited Company Expenses

Tax treatment of company hardware and software expenses

Computer hardware and software are two essential expenses for any modern business and costs can run into the thousands, but what can you legitimately claim for on your annual tax return? This type of business expense can often be a tricky area for contractors and freelancers, especially if you are installing new software or using

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medical expenses limited company
Limited Company Expenses

The tax treatment of medical and health expenses

As a limited company owner, there are a number of expenses you can legitimately claim back from the business without being hit for tax. Many of these are easy to identify but one grey area is medical and health-related expenses, as some of these are considered as a benefit in kind (BIK) and deemed taxable.

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limited company broadband phone expenses
Limited Company Expenses

How are broadband and phone expenses treated?

They are two of the most common business-related costs, but how are broadband and phone expenses treated by HMRC, and how can you make sure they remain tax-deductible as a legitimate business cost and not be added to your personal tax bill at the end of the financial year?

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company expenses clothing
Limited Company Expenses

Can you claim the cost of work clothes on expenses?

Regardless which sector or industry you work in, everybody has version of a ‘work wardrobe’, whether this is a version of their everyday look, a set of uniforms, personal protective equipment or a selection of suits or smart attire. If you are a limited company director, or sole trader, can you claim work clothes as

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