Learn what expenses you can claim
Date: Thursday 10th December 2020
Time: 10:30am – 11:30am
As a business owner, it can be disheartening to work hard all year only to be faced with a significant tax bill at the end of the year.
To make matters worse, you must take time out of your business to sort through all your receipts, bills and bank statements and calculate your tax bill before the tax deadline.
Our accountants see many expenses go unclaimed every year because business owners don’t know what business allowable expenses are.
We’re here to help by giving you tips to reduce your tax bill, advice on how to keep track of your records and examples of how to calculate an expense.
Your host, Chartered Accountant Tom Francis FCCA
Join Tom for an exclusive Masterclass about what expenses you can claim to reduce your tax bill and how to correctly calculate an expense.
This is a live Masterclass so you can use the chat-box to ask Tom any questions you have about the topic.
What you’ll learn:
1) The different types of business expenses
2) How to do a motor expense/travel and subsistence calculation
3) Expenses you may not have known you could claim
For example pre-trading expenses and working from home allowance.
4) Round sum payments
For example car, fuel, living or rent and travel allowance.
5) Expenses for site-based employees/Directors
Site-based employees are employees that don’t have a fixed base and perform their duties in different locations.