Claiming for your business mileage against your taxes reduces your tax bill. Here’s a business mileage tracker to help you, along with some guidance on how to use it.
When you’re self-employed you want to claim everything possible to reduce your tax bill. So it is very common for me to be asked whether clothing can be claimed as a tax deductions. It is a grey area, with what is tax allowable being different according to professions and industries. Here is the advice I … Read more
If you are travelling around for business reasons it can mean food ends up costing you more money than normal. Especially if you work from home! There are rules that allow you to claim for food when you’re self-employed helping you to reduce your tax bill. When Can You Claim for Food Generally speaking, you … Read more
One of the perks of being self employed is that you get to claim expenses against your income. Claim correctly and you’ll reduce the amount of tax you have to pay. Claim wrongly and you could face penalties. There are rules set out by HMRC which expenses you CAN claim for (allowable expenses) and those you CAN’T (disallowable expenses). … Read more