Entries by roger

Audit threshold

A company is treated as small (or medium-sized) if it does not exceed more than one of the following criteria: Small Medium-sized Turnover £6.5 million £25.9 million Balance sheet total £3.26 million £12.9 million Average number of employees (on a monthly basis) 50 250

Use of own home – allowable expenses

Allowable expenses you can claim tax relief against when using your own home for businesses purposes. Fixed costs Some costs relate to the whole house and have to be paid even if there is no business use. These include costs such as, Council Tax, mortgage interest, insurance, water rates, general repairs and rent. If part […]