Dan Mepham

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About Dan Mepham

Dan joined the SG Contractor Accounting in 2015 as Managing Director having previously been a Director at a large national accountancy firm. Apart from a few years spent auditing he has spent all of his career focusing on contractors and small businesses and is a regular commentator on contractor websites.

24-month rule for travel and subsistence explained

2020-01-14T10:02:19+00:00By |

Being a director of a limited company, entitles you to claim for legitimate expenses that relate ‘wholly, exclusively and necessarily for the running of the business.’ A full list of allowable business expenses is available in our Expenses Guide. Included on this list are travel and subsistence expenses. But it may not come as a [...]

Did you know you can claim these as a business expense?

2020-01-07T10:30:12+00:00By |

At the last count, unclaimed business expenses cost UK small businesses a whopping £238 million each year. That’s a lot of money that could be lining small business owner’s pockets. We constantly remind the contractors we work with to claim for everything they’re allowed to because expenses are off-set against the profit they pay Corporation [...]

Can you claim your Christmas party as a business expense?

2019-12-23T11:22:30+00:00By |

Christmas is a great time for celebrating and reflecting on your achievements over the last year. Contractors often ask us if they can claim the cost of a Christmas ‘do’ as an allowable business expense. The good news is that ‘Yes’, you can, but of course there are some criteria that must be met. If [...]

How do Director’s Loans work?

2019-12-23T10:22:50+00:00By |

HMRC classes a Director’s Loan to be “money that is taken from the company that isn’t either a salary, dividend or expense repayment, or money that you’ve previously paid into or loaned the company.” A Director’s Loan can be useful if you’re cash-short or for some reason, you find yourself with a large number of [...]