Small Business Accounting

Why are expenses important?

By

Chris Andreou

Why are expenses important? guide

Contents

Expenses are important as you can claim them against your revenue, which helps to reduce the amount of tax you need to pay.

For further information on the types of expenses you can claim, refer to our guides for sole traders and limited company directors.

<p>Expenses are important as you can claim them against your revenue, which helps to reduce the amount of tax you need to pay.<br></p><p>For further information on the types of expenses you can claim, refer to our guides for <a href="https://www.goforma.com/tax/self-employed-expenses-tax-allowances" target="_blank">sole traders</a> and <a href="https://www.goforma.com/tax/limited-company-director-expenses-tax-allowance" target="_blank">limited company directors</a>.</p>

Read more of our Small Business Accounting guides:

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