Posts By: Jane

What can I include for use of home expenses?

Not only is there no place like home, but you can also save some tax by working there. So whether you work entirely from home, or just do your invoicing from the kitchen table, you can claim an element for use home as an office in your business expenses.  Self Employed (sole traders and partnerships) You… Read more »

Claiming for business motor expenses

You have a car, you use it for work, so you want to include it as a business expense, simple surely? Unfortunately, it’s not – travel, and in particular motor expenses are more complicated than your sat-nav directions on a bad day. Here is the what, why and how of motor to help you navigate through. What counts… Read more »

What is the director’s loan account?

If you have just started up a limited company, the director’s loan account can be one of the trickiest concepts to get your head around. But I promise you it’s not impossible. It is necessary in understanding how you relate to your company and more importantly, how you can get at your lovely profits. What isn’t a director’s… Read more »

How do I take the profit from my business?

Your business is in profit, fantastic. Now you want to be able to use some of the money. How do you take profits out of your company so that HMRC stays happy? 1. Profit from Self Employment (or Partnership). This is actually quite straightforward, for an accounting concept! If you are self employed then you… Read more »