Expenses ?

[Myright]

I have a 40k turnover.

What kind of expenses can I generally put through?

I have 11 miles commute to work from my house (owned by me ) which is also where my business is registered).

Can I claim expenses from to home aswell ? Or on going to work?

What about buying a car on business ? But I'm sure that will be taxable ? Because I need to drive back to home from work .

Anything else guys ?

[NotAllThere]

Have you read the First Timers guide in the box over there----->

[Myright]

Yes I just read that it was great. But didn't go in depth about expenses. Could someone break that down for me ?

[northernladuk]

Yes I just read that it was great. But didn't go in depth about expenses. Could someone break that down for me ?

Nope.

With 40k turn over, next to no T&S and an inability to do some basic research I'd say you really should be looking to go umbrella.

[cojak]

http://www.icaew.com/~/media/corpora...er%202013.ashx


Contractor Expenses - How to claim Travel and other expenses via Limited Company or Umbrella

[mudskipper]

And here was me waiting for someone to post a taxdumb link