These must be expenses associated solely for your business. Correct bookkeeping and retaining paperwork/invoices/receipts associated with limited company expenses is important way to demonstrate that they are legitimate. They include:
- Salaries
- National insurance contributions payable on employee salaries
- Cost of company formation and annual return fee
- Insurance
- The costs of travel, accommodation and subsistence while conducting business away from your place of work
- Costs of parking (if using your own vehicle as opposed to a company car)
- Fees associated with training courses
- Cost of telephone and broadband
- Cost of computers and printers
- Costs associated with stationary and postage
- Marketing and advertising spends
- Bank charges and merchant fees
- Costs of an accountant or solicitor
- Charitable donations
It is important to keep receipts and proofs of purchase.