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Now is the time to start saving your business receipts if you want to start saving tax.
The simplest rule of thumb here is….
If you needed to spend money on anything relating to your work, then you can offset it against your income.
HMRC state that the business expense must be wholly and exclusively for business purposes.
The problem most people have is that they loss their receipts and forget to claim for all these things. However, our Yearly Accounting Clients upload their receipts direct to their Tax2u dashboard and then
their account manager ensure they claim it each and every year.