If you're a sole trader, you have the option to reclaim any expenses that you've incurred, similar to a Limited Company. It's important to have knowledge of all allowable business expenses as it can reduce the amount of tax you pay HM Revenue and Customs (HMRC) when you submit your Self Assessment tax return.

Are you an experienced hand at running a limited company, or are you taking your first steps as a company director? No matter where you are in your journey, there's a good chance that you're letting some business expenses slip through the cracks, which could end up costing you more in taxes than necessary. We've crafted this article to guide you in unlocking the full potential of tax relief available to you.

I wanted to bring your attention to some recent tax rule changes that have come into effect for the 23/24 tax year. This is the tax year starting 06 April 2023, and ending 05 April 2024, the current tax year in play.

Hello and welcome to the Floewa Accountancy Blog! I'm thrilled to launch this new platform where I'll be sharing practical insights, industry updates, and expert tips to help you navigate the world of accounting, tax, and financial management for your business.