Many of business owners I have spoken to recently forget to claim for expenses either because they haven’t been given receipts, they have misfiled them as the receipts were emailed or the receipts have been lost. That’s potentially hundreds or even thousands of pounds of legitimate business expenses which could have reduced your business tax liability! Make it a habit to ALWAYS ask for a receipt, file all your emailed receipts & invoices in a folder on your computer and go through them once a week/ month putting them into your books.
How about using an App like QuickBooks or Receipt bank to take pictures of your receipt as they are incurred – that way they are “housed” in the cloud and will never be lost or forgotten.
