While the hospitality, retail and leisure industries have undoubtedly taken the hardest hit, many small businesses, such as legal and accountancy firms, have also been struck by the quickly-changing consumer and client attitudes.
Due to the current Coronavirus pandemic, many UK employees are expected to work from home not just during the lockdown, but perhaps for the foreseeable future. One of the benefits of working from home has always been the ability to claim certain costs as a business expense.
Every business has the responsibility to make sure they are paying the right amount of tax to HMRC. However, each year, many business owners pay unnecessary tax because they fail to claim tax relief on legitimate deductible expenses.