The Different Expenses You Can Claim Without Receipts

For the majority of us, keeping a record of business transactions involves a drawer filled with receipts. This works well until you can’t find the one receipt you are searching for, or you didn’t receive a receipt for a particular transaction. If this happens, you do not need to panic. It may still be possible to claim expenses without any receipts. What Is A Business Expense? Regardless of whether you are a limited company or a sole trader, it is likely that the business will have many different running costs. From travel costs and office rental to staff salaries, there is a range of company expenses which you can claim back against your tax at the end of the year. This is an essential aspect of running a successful business because claiming expenses will assist you in keeping the taxable profits as low as possible. Click to continue reading