Expenses
Expenses are usually outgoings – items such as stationery, mileage and accommodation
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Expenses
Expenses are usually outgoings - items such as stationery, mileage and accommodation
Stock (Goods for resale)
When selling products to members, it's important to understand that different items are treated differently in your accounts.
Clothing expenses
If you purchase something for the purpose of wearing it only for your group, you can claim the cost of the item against your taxable income for the year.
Card Payment Machine charges (EFT)
Card Payment Machines provide a fast, safe and easy way to accept payments.
Cars, Vans and Mileage
From 1 April 2026, mileage allowances increased to 55p per mile.
Hotel, Meals and Subsistence
Travel and Hotels It is likely that through the year, you may head somewhere for training or business purposes and need to stay overnight, for example,...