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

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