@360.accounts: Every £1,000 of allowable expenses you forget to claim could mean paying up to £250 more in Corporation Tax. That adds up faster than most directors realise. Most small business owners we work with in Surrey are missing at least one of these five categories: 1️⃣ Training and CPD that maintains or updates existing skills 2️⃣ Professional fees such as accountancy, legal advice and consultancy 3️⃣ Subscriptions and software related to your trade 4️⃣ Business use of home, calculated properly and supported by records 5️⃣ Mileage and travel costs incurred for business purposes All five can satisfy HMRC's "wholly and exclusively" test when they genuinely relate to the business. One simple exercise we recommend is reviewing your expense categories once a year against that test. Many directors discover they're quietly paying for business costs personally that should have gone through the company. Keep the invoices. Put them in the company's name where possible. And claim what you're legitimately entitled to. #wokingaccountant #guildfordaccountant #surreybusiness #limitedcompany #corporationtax

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Sunday 21 June 2026 07:03:04 GMT