Corporate and business tax
Fixedrateexpenses
The taxation issues you need to consider for both unincorporated and corporate businesses.
Rather than keeping detailed records of every relevant cost, some business expenses, such as use of a vehicle or working from home, can instead be claimed using simplified fixed rates set by HMRC. This can significantly reduce the administrative burden for smaller businesses and the self-employed.
Fixed rates are not always the most tax-efficient choice, and whether they work out better than claiming actual costs depends on individual circumstances. We can help you compare the two approaches so that you choose the method that genuinely suits your situation, rather than simply the easiest to administer.
Start the conversation
Let'stalkaboutwhereyou'reheaded.
A short conversation is usually enough to tell whether we are the right fit. No obligation, no jargon.
Office
484 Alcester Road South, Birmingham, England, B14 6EP
Enquiries
info@kingsaccountants.uk