Yes, you can claim office rental and the costs of using a coworking space as a deductible business expense.
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Can I expense a Laptop?
The portability of a laptop brings in a layer of complexity, as they tend to be purchased for both business and personal use. You can claim it as an expense, but you will need to apportion between business and personal use.
Can I expense Software?
You can claim the costs of purchasing computer software that your business uses for less than two years. You can also claim for computer software that you use for more than two years, if your company makes payments regularly to renew the license.
Can I expense Legal costs?
The costs incurred for engaging professional services-such as hiring a lawyer-can be claimed as an allowable expense, as long as these services are carried out solely for business purposes.
Change of company address ‚- who to inform and how
If you change your company's registered office address, you must inform Companies House. You can do so online, or by sending form AD01 to Companies House by post. Once the change is approved, Companies House will then notify HMRC.
Do note that the change will only be official once Companies House has registered it. Additionally, your new registered office address must be in the same part of the UK that the company was incorporated.
How to claim for business mileage
Being self-employed often means having to juggle multiple roles and tasks.
Amidst all your different responsibilities, keeping track of your business mileage can appear tedious-and it can easily become a task that you postpone time and time again. Yet, these little trips can add up, and as a small business owner, it's important that you make the most of what you can claim.
If you're newly self-employed, or just want to get a grasp on the basics of claiming your business mileage, this article is for you.
It explains the essentials, including how you can calculate your costs, the records you need to keep, and other important information that you need to be aware of.
Both business owners and employees can claim business mileage.
Can I claim personally paid expenses?
There may be times when you have no option but to use your personal funds to cover company costs such as paying by cash or if you forget to bring your company card. It's important to keep a copy of the receipt of all expenses but this is especially important when paying for costs and expenses personally. This way, a record of the cost can be kept, logged in your company accounts and then your company can reimburse you for this.
Can I expense Utilities?
If you're renting an office, you can claim utilities as a deductible expense.
If you're using your home as an office, you'll need to work out the proportion of your utilities that you can allocate to business use in order to claim these costs as a deductible expense.
Can I expense my use of home as an office?
There are two methods you can use to work out your allowable home expenses: you can claim a flat rate allowance (also known as simplified expenses), or claim a proportion of your bills. For further information on these methods, refer to our expenses and allowances guide for limited company directors and the self-employed.
If you're a sole trader and aren't sure which method is the better option for your business, you can use Gov.uk's simplified expenses checker tool.
Can I expense Taxi fares or an Uber?
Taxi fares are generally deductible, as long as the fares aren't incurred for ordinary commuting. According to HMRC, a commute is a trip you make most days between your home and permanent workplace.