Expenses

Postage (Expense Type)

There is no VAT reclaimable on this expense. Postage costs are allowable at the gross expense rate as VAT is not applicable. Where the company has a franking machine, then the cost of postage should be split from the cost of leasing the machine in the profit and loss account. Record in Crunch as ...

Printing (Expense Type)

Printing of letterheads, brochures, business cards and proposals can also be accounted for in this category. Record in Crunch as General Administrative Expenses > Printing, Postage and Stationery See the full list of expenses that can be claimed

Professional fees and subscriptions (Expense Type)

Fees paid to professional corporations, and membership associations, relevant to your trade are allowable. Penalties and interest notices received are not allowable expenses. This category includes an IR35 review fee. Record in Crunch as Legal and Professional Costs > Legal Fees or General Admin...

Rates (Expense Type)

Record in Crunch as Premises Costs > Rates See the full list of expenses that can be claimed

Repairs to equipment (Expense Type)

Costs relating to the general maintenance of equipment, but not motor vehicles (for which you should use this expense type). Equipment might include tools for your work such as a computer or printer. Record in Crunch as Repairs and renewals > Maintenance See the full list of expenses that can ...

Self Assessment fee (Expense Type)

This category is for your Self Assessment fee, or personal tax return, as well as any references provided by Crunch. Record in Crunch as Legal and Professional Costs > Accountancy - Self Assessment / References See the full list of expenses that can be claimed

Stationery (Expense Type)

Includes general office supplies such paper for printing, pens and envelopes. Record in Crunch as General Administrative Expenses > Printing, Postage and Stationery See the full list of expenses that can be claimed

Subcontractor costs (Expense Type)

You should set your sub-contractor up as one of your suppliers in Crunch (by navigating to the "Add New Supplier" screen) and you should record their payment as an expense. Record in Crunch as Employee Costs > Subcontractor Costs See the full list of expenses that can be claimed

Training costs (Expense Type)

Training courses that are relevant to your business are allowable. Your company must pay for the training course and the training must relate to your trading activity and ongoing training needs such as continued professional development. If your company provides training for individuals that are no...

Clothing & Uniform (Expense Type)

Only the costs of purchasing uniform for directors or staff can be claimed. Clothing for personal use cannot be claimed, and general business attire cannot be claimed as a uniform expense. This is because you cannot claim for ordinary clothing which would form part of an everyday wardrobe, even if ...

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