We are often asked: “What expenses can I claim now that I am self employed?”.
The rather glib answer is “anything that relates to your business”. Whilst this is generally true, there are some expenses which, although genuine business expenses, are specifically excluded from tax relief....
The choice of a year end accounting date is for the business owner to decide.
The Companies Act 2006 sets out exactly what documentation is required for forming a company, and it is very different from that which was previously needed.