
One of the simplest ways to lower your Corporation Tax bill?
👉 Keep better records throughout the year.
At Cura Accounting, we’re big believers that good record-keeping isn’t just admin — it’s tax planning.
Here are our top expenses that are missed by businesses who do not keep on top of their records:
> Travel & mileage
If you’re travelling for business (excluding your normal commute), those costs are usually claimable, including mileage at HMRC rates, parking, tolls, and public transport.
But without a mileage log or clear records, HMRC won’t allow it.
> Training & professional subscriptions
Investing in your skills — or your team’s — is usually tax deductible if it relates to your existing trade.
That includes courses, workshops, seminars, and many professional memberships.
If it strengthens your current business, it often strengthens your tax position too.
> Phones, broadband & working from home
Using your home or personal phone for business? A proportion of those costs can normally be claimed.
The key word is proportion — clear separation between personal and business use is essential.
> Bank charges & finance costs
Business bank fees, overdraft charges, and interest on business borrowing are commonly overlooked — but deductible when recorded correctly.
> Pre-trading costs
Spent money before you officially started trading? Things like branding, software, website development, or early marketing can often be claimed — if handled correctly.
The common thread?
Even legitimate expenses can be disallowed if:
• There are no receipts or invoices
• Records aren’t kept consistently
• Personal and business use isn’t clearly separated
Good bookkeeping isn’t just about compliance — it’s about keeping more of what you earn.
Reach out to us at info@cura-accounting.co.uk if your business could benefit from using our expert bookkeepers to maximise tax deductible expenditure through excellent record keeping.