expenses

News by Tag

Proof of employment expenses are now required

5th December 2024
HMRC now insists on evidence of employee expenses claimed through PAYE. But what records do employees need to keep? Pamela Singh from our Payroll Department takes a closer look. Due to numerous incorrect claims, it is now necessary to submit evidence to HMRC to claim tax relief on certain employment expenses that are reimbursed by...

How to reduce your corporation tax bill

23rd March 2021
Your company’s financial year ends soon. Despite the difficult trading conditions over the last year the accounts will show a profit. But what steps can you take to legitimately reduce the corporation tax bill? Joanne Gibson advises. Generally, expenses that your company incurs are tax deductible. However, special rules mean that tax relief for some...