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.

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.

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

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,

I’ve Updated 08 April 2020 Not all your business expenses are tax deductible, even if you incur them as part of running your small business. These costs are known as disallowable expenses. HMRC sets out clear rules as to what you can and can’t expense. In this post, I’ll help you to understand what they

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.

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.