From clothing and cars to your home office, these guides will take you through the basics of allowable expenses and what you can and can’t claim against your taxes.
Claim Everything You’re Entitled to and Reduce Your Tax Bill.
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.
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.
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.
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.
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.
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, … Read more
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 more
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?
Knowing what and how to claim business travel when you’re self employed is a confusing area. To help clarify, here is my guide to what you can and can’t claim as business travel when you’re self employed. Along with a free download to help you record your expenses.