@360.accounts: So many allowable expenses never make it into the accounts. That is a pattern we often see when limited company directors hand over their year-end records. The reason is usually simple: expenses are treated as a year-end clean-up job, not an everyday habit. By the time the records reach us, the receipt has gone, the bank transaction is vague, and the context has been forgotten. Four categories come up again and again: 𝗧𝗿𝗮𝘃𝗲𝗹 Mileage to client sites, parking, train fares and other business journeys. Small amounts that can add up quickly over twelve months. 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴 Courses, books and subscriptions that relate to the company’s existing trade and meet the "wholly and exclusively" test. 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗰𝗼𝘀𝘁𝘀 Software licences, insurance, accountancy fees and other business expenses paid personally and never reimbursed. Some professional memberships may also qualify. 𝗛𝗼𝗺𝗲-𝗼𝗳𝗳𝗶𝗰𝗲 𝗰𝗼𝘀𝘁𝘀 Where directors work from home, there may be a valid claim for business use of the home, provided it is calculated properly and supported by records. None of these are aggressive claims. They are often ordinary costs of running a business. The problem is not always eligibility. More often, it is timing. If the expense is not captured when it happens, it is easy for it to disappear by year-end. When clients start recording expenses properly throughout the year, their Corporation Tax position is based on a more complete picture of what it actually costs to run the business. Not an inflated version. Not a guessed version. A more accurate version. If you are a Surrey-based director and have never mapped your everyday spending against what your company can legitimately claim, it is worth doing before your next year-end. #wokingbusiness #surreybusiness #wokingaccountant #guildfordaccountant #surrey

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Wednesday 17 June 2026 07:02:21 GMT