Who this article is for:
If you have a meal or drink with a client or on behalf of the company, you can claim what has been spent back by listing this as an expense.
By doing, the amount you pay back as tax will be reduced if you are a limited company
If you are a sole trader, allowable business expenses such as this will reduce your profits as a sole trader, this means the amount you pay in Income Tax and National Insurance will be less when you complete your Self Assessment.
If your are not sure if you would like your company to be a limited company or a sole trader, check out this article here for more information.
How to add Meals at Clients on Ember?
Firstly, navigate to your Expenses then go to add out-of-pocket expense
Then go Uncategorised (Don't forget to add the Date of the Expense
Type in Meals at Clients which will be listed as an Expense
Add the amount in Value then the correct VAT Rate (If you can, attach a photo of your receipt in Attachments)
Once this is done, you can finally Save Changes
If this did not answer your question, please reach out to our talented team of qualified accountants who are always on hand to offer expert advice as and when you need it.