Business Expenses: Sole Trader Vs Limited Company

What expenses can each claim?

 
 

POSTED BY HELEN BEAUMONT ON 23/02/2018 @ 8:00AM

Are you confused about what business expenses you can claim as a sole trader vs a limited company? Don't worry, you are not alone; many people that I speak to ask the same question ...

If you're confused about what business expenses can be claimed, don't worry, you're not alone!

If you're confused about what business expenses can be claimed, don't worry, you're not alone!

copyright: sifotography / 123rf stock photo

HMRC are big on disputing expenses and have tweaked and changed the rules over the years. There's a difference between what a sole trader can claim compared with that of a limited company.

Deciding on the model you want to set up for your business will depend on these, and a number of other factors. It is worth speaking to an experienced tax advisor such as myself, and also to your accountant, both of us will give you great advice.

"Would you like to know more?"

The above provides a snapshot of some of the business expenses you can and cannot claim. If you'd like to find out more, then do call me on 01908 774323 or click here to ping me an email and let's see how I can help you.

Until next time ...


HELEN BEAUMONT
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More about Helen Beaumont ...

Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.

Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.

When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.





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