What Are the Allowable Limited Company Expenses?
As a limited company owner, understanding the allowable expenses can help you maximize tax efficiency and manage your finances effectively. In this article, we will explore the various categories of allowable limited company expenses that can be claimed, providing you with valuable insights to ensure compliance and optimize your financial operations. I. Office and Administration Expenses: Rent and Utilities Office Supplies and Equipment Insurance II. Travel and Subsistence Expenses: Business Travel Accommodation and Meals Subsistence Expenses III. Staffing Costs: Employee Salaries and Benefits Training and Development Recruitment Costs IV. Marketing and Advertising Expenses: Advertising and Promotion Website Development and Maintenance V. Financial and Professional Fees: Accountancy and Legal Fees Bank Charges and Interest Professional Memberships VI. Research and Development (R&D) Expenses: R&D Costs VII. Miscellaneous Expenses: Bad Debts Charity Donations Read all the allo