Can I Claim Coaching as a Business Expense?
Claiming expenses reduces your tax bill, but you can’t claim everything. Here’s what you need to consider when it comes to coaching.
Business Expenses
From clothing and cars to your home office, these guides will take you through the basics of allowable business expenses and what you can and can’t claim against your taxes.
Claim Everything You’re Entitled to and Reduce Your Tax Bill.
How to Claim the Use of Home as Office Allowance
If you are self employed and work from home, then you can claim for the use of office as an allowance against your taxes. There are two ways – using your actual expenses or claiming a flat rate.
How to Claim Your Bicycle as a Business Expense
If you use a bicycle for work reasons then it is possible to claim for the cost against your taxes, either using a flat rate for each mile you travel or for the full cost of a bicycle.
Can I Buy a Car Through my Business as a Sole Trader?
Given the costs involved and potential tax saving, asking if you can buy a car through your business as a sole trader is pretty common. In this guide, I’ll show you the options available to you to help you decide how and if you can claim your car as an expense.
HMRC Simplified Expenses Explained
Simplified expenses, if you’re self-employed, is the easy way for you to claim for certain expenses without a receipt so you can pay less tax. Here’s a guide to what you can claim for and how best to use them to reduce your tax bill.
Self Employed Expenses Explained
Your self-employed expenses reduce your tax bill. If you’re struggling to understand what you can and can’t expense then read this guide and download my allowable expenses cheat sheet.
Business Mileage Tracker (Excel)
My free business mileage tracker in excel (now updated for the 2021/2022 tax year) lets you track the business miles you have travelled, with the formulas in place to automatically calculate the amount you can claim against your taxes.
Claiming for Clothing When You’re Self-Employed
I’ve updated this post 8 April 2020 So it is very common for me to be asked about claiming for clothing when you’re self employed as a business expense. It’s hardly surprising. After all self-employed individuals and sole traders want to claim everything possible to their reduce your tax bills. When it comes to clothing, …
Claiming Food and Drink as a Business Expense When You’re Self-Employed
I’ve updated this post on 15 April 2020 Running a small business can be expensive. And know what food and drink you can claim as a business expense can be handy because it may reduce your tax bill. The HMRC rules around claiming food and drink can be complicated. Why? Because it is so difficult …
Read moreClaiming Food and Drink as a Business Expense When You’re Self-Employed
Are Training Costs Tax Deductible?
Upgrading your skills is one of the most valuable things you can do for your business. But did you know that not all training costs are tax deductible?