City & Co Accountants & Tax Specialists

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/

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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/

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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.

12/12/2025

Do you have a property to sell? Want to save on tax?

Book a call to discuss your options with us today! https://cityandco.org.uk/contact-us/

11/12/2025

Has your accountant covered these of with you? If not it might be time for a change?

Get In Touch: https://cityandco.org.uk/contact-us/

10/12/2025

10 Important questions you should have discussed with your accountant. If not, you need an upgrade!

Get someone that can anwser all these for you, get in touch today: https://cityandco.org.uk/contact-us/

09/12/2025

Do you know how to get money our of your business efficiently?

If this is something you need help with talk to us today: https://cityandco.org.uk/contact-us/

08/12/2025

Do you have money stuck in your business that you need to get out? if so this might help👇

For help with your business and and tax, we can help. Get in touch: https://cityandco.org.uk/contact-us/

07/12/2025

Thinking about relocating? We’ve successfully partnered with many businesses to navigate the financial complexities of moving.

Now more than ever, your business needs a strategic accountant to fuel your growth. That’s where we come in. Talk to us today: https://cityandco.org.uk/contact-us/

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30/11/2025

Why get your next vehicle through your business? 🚗

It depends on what car your getting, fully electric cars certainly will get through your limited company and can be written off on all leases and maintenance costs.

Some commercial vans will also get through. Need more advice on this? Get in touch here: https://cityandco.org.uk/contact-us/

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29/11/2025

If you only see your accountant once a year to hand over bank statements, you could be paying significantly more tax than necessary.

Without proactive tax planning, such as reviewing structures, pension schemes, investments, and company setups, you’re likely missing out on valuable savings.

You deserve a proactive partner who truly understands your business.

Reach out today if you have any questions. https://cityandco.org.uk/contact-us/

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