City & Co Accountants & Tax Specialists

City & Co Accountants & Tax Specialists Tax advisor for property investors, High Net Worth Individuals and International Tax

19/12/2025

Can you claim coffee as an expense?☕️

1) If you are making a qualifying business journey coffee expenses can be claimed such as visiting a client or going to a temporary office or taking your team out to discuss business is also fully allowable.

3) If coffee is consumed during a business meeting its allowable under a strict criteria otherwise it is considered entertainment.

For help with claiming this or for further questions get in touch: https://cityandco.org.uk/contact-us/

Send a message to learn more

18/12/2025

If your new to self employment you need to do the following:

1) Contact HMRC and complete a CWF1.

2) Setup a personal HMRC Login and a company HMRC login

2) Have a separate business Account, don't mix with your private account this will save you a lot of headaches later.

3) Keep a record of all expenses i.e. receipts and invoices to backup your claim.

4) If your turnover for Tax year 6th April 26 to 5th April 27 is more than £50,000 you need to register for making tax digital.

5) Making tax digital means you need to use software like xero, quickbooks, sage etc.

5) Put away 10% to 20% of sales for taxes so at least end of tax year there are no nasty surprises and cashflows to pay tax.

6) Any losses in your new business can be rolled back 3 years and claimed against total income.

If you need help with any of the above and more reach out: https://cityandco.org.uk/contact-us/

Send a message to learn more

Can I claim Workwear for My business?Under UK tax law its depends on the type of clothing and circumstance. 1) Employees...
17/12/2025

Can I claim Workwear for My business?

Under UK tax law its depends on the type of clothing and circumstance.

1) Employees can claim cost of protective clothing or uniforms if used exclusively for work. This includes things like boots, overalls, gloves, helmets and eye protection.

3) Maintaining protective clothing is an allowable expense such as dry cleaning costs.

For help with this and more information, get in touch:

Get in touch with City and Co, your reliable Tax and Accountancy Firm in Peterborough. Were eager to help answer your questions.

Address

Peterborough Business Park Lynchwood
Peterborough
PE26FY

Opening Hours

Monday 9am - 5am
Tuesday 9am - 5pm
Wednesday 9am - 5am
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441733777782

Website

Alerts

Be the first to know and let us send you an email when City & Co Accountants & Tax Specialists posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to City & Co Accountants & Tax Specialists:

Shortcuts

Share

Category