Yes and no.

You can pay for an eye test through your business if you believe that it will enable you to carry out your work duties better.

You cannot claim for glasses or contact lenses through the business unless they are wholly and exclusively for business use, because they will have a dual purpose (of being both for personal and business use). This is unlikely to be accepted by HMRC unless they are for health and safety (ie you may need special glasses if you are making something, that you wouldn’t wear in ordinary life), or where you have a pair of glasses for home, and a pair for work.

20th October 2020

Can I claim an eye test and glasses through the business?

Yes and no. You can pay for an eye test through your business if you believe that it will enable you to carry out your work […]
20th October 2020

Can I give a gift to a team member?

Gifting to employees and directors: In summary: Directors are allowed to receive products or vouchers up to £300 PER YEAR. This does not have to be […]
20th October 2020

Can I give a gift to a client?

Can you give a gift to a client and claim the tax back on it? THESE RULES APPLY TO ALL BUSINESS TYPES: Gifts of food, wine […]
3rd October 2020

What isn’t covered in our monthly fees?

Our monthly fees covered unlimited support and advice – but where does this stop? Our unlimited advice and support element is limited to what can be […]
17th August 2020

Can I claim for training and development expenses in my business?

This can be quite a complex area so we would recommend contacting us, or your existing accountant for full information on your circumstances. In summary however, […]
11th August 2020

How do I set up my bank feed in Xero?

This is the best place to find out how to add your bank account in Xero. Once you follow this link, there is another link on […]
10th July 2020

I sell digital services/products – what do I need to do for VAT?

If you sell digital services (such as downloadable documents, training courses etc) through your own website/shop to individuals in the EU (non-UK) you must register for […]
10th July 2020

Do I have to register for VAT?

In the UK, the VAT threshold is currently set at £85,000 (for the 20-21 tax year). This means that if your taxable turnover in a rolling […]
1st July 2019

What are the workplace pension contributions at the moment?

For eligible employees, the rates for 2020/2021 tax year are 5% for employees, with the employer paying 3%, giving a total minimum contribution of 8%.