Expenses

Fixtures and fittings cost (Expense Type)

Record in Crunch as Fixed Assets > Fixures and Fittings Cost See the full list of expenses that can be claimed

Foreign exchange costs (Expense Type)

This category is for costs of converting foreign invoiced revenue back to sterling. Record in Crunch as Finance > Other Finance Charges See the full list of expenses that can be claimed

Fuel / Petrol (Expense Type)

If the vehicle is a company vehicle Record in Crunch as Motor Expenses > Motor Vehicle Running Costs or Company Van Running Costs or Company Motorcycle Running Costs If the vehicle is owned personally You must claim the fixed mileage allowance not the actual cost of fuel / petrol. ...

Health / Medical check (Expense Type)

Can only be claimed once per year. A health check is free of tax, but any medical treatment cannot be claimed as it will generally be a taxable benefit (except if you are on business abroad, in which case it would be entered as General Administrative Expenses > General Insurance). Record in Cru...

Hire and rental charges (Expense Type)

Record in Crunch as General Administrative Expenses > Hire of Equipment or Travel and Subsistence > Public transport and Taxis See the full list of expenses that can be claimed

Hotels, bed & breakfasts & incidental overnight expenses (Expe...

This category is for all kinds of accommodation: hotels, bed and breakfast, guest houses and rented accommodation. There are no set allowances for accommodation but the cost must be deemed to be 'reasonable'. For you to claim the cost of accommodation, it must be incurred whilst on a qualifying bu...

Insurance (Expense Type)

This category would include (but is not limited to) the following types of insurance: Office contents Employers liability Executive income protection Key Man life insurance Jury service Tax investigation Permanent & private health Professional indemnity Public lia...

Internet (Expense Type)

In order for expenses to fall within the “wholly and necessarily” rules the internet connection must be purchased in the name of your limited company. If the internet contract is in the company name, all of the costs can be claimed. Where telephone and internet are invoiced as a joint package then...

Late Tax Payment Penalties (Expense Type)

Fines or penalties charged by HMRC for late payment of tax bills. These costs are not 'allowable' or tax-deductible expenses, but should still be recorded as business expenses Record in Crunch as Penalties> Late Tax Payment Penalties See the full list of expenses that can be claimed

Leasing rental (Expense Type)

How to record this in Crunch depends on whether the lease is an Operating Lease or a Financial Lease. See this article to determine what kind of lease you have. Operating Lease General Administrative Expenses > Hire of Equipment Financial Lease Classed similarly to a Company L...

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