Many groups run a small 'members raffle' to raise funds to cover variable costs such as refreshments, taster evenings and award prizes.

Where a monitor or screen is required to be used as part of self employment, the cost of an eye test can be claimed as an allowable expense.

Buildings are not tax deductible, and therefore garden offices or extensions for the purposes of working from home cannot be claimed as a business expense.

In traditional business accounting, "drawings" refers to money taken out of a business by its owner.

To thank your amazing social team members, you may consider providing them with a gift at Christmas or on a specific event.