Clothes for work - are they tax deductible?
BusinessIf you need special clothes to do your job you may think the cost of these is an allowable business expense. There are only a few items of clothing which are allowed as a tax deductible expense.
If you need special clothes to do your job you may think the cost of these is an allowable business expense. There are only a few items of clothing which are allowed as a tax deductible expense.
One of our payroll clients recently received a letter from a Debt Recovery company advising of PAYE owing to HMRC. They forwarded the letter to us because, as we do their accounts too, they were surprised we had not notified them that they had missed…
If you are VAT registered you may not know that there are different ways to report your VAT to HMRC. It is worth understanding each of the schemes
Business owners often want to know how much it would cost them to employ someone and of course that depends on how much you want to pay them. But there are three things to consider.
Knowing how to monitor and manage your cash flow so your business has enough money to pay your taxes and you is vital to grow your business.
