Claiming your expenses is the easiest way to pay less self-employment tax. But which ones can you put on your tax returns? And how do some people seem to claim so much more than others? In this section you’ll find out all the basics you need to know when it comes to claiming business expenses so you’ll have peace of mind you’ve put everything you can on your self-assessment tax return.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
Get to know the basics about what expenses you can claim as an allowable business expense and which ones are disallowable.
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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.
HMRC simplified expenses make claiming allowable business expenses easier for the self-employed, without the need to keep receipts. Find out which expenses fall under simplified expenses and how to claim them on your tax return.
Find out how to claim self-employed expenses on your tax return, which ones you can claim & find a self-employed expenses list for tax time.
Business mileage template for the UK self-employed, guidance to help get you started using it and how to claim your miles on your tax return.
Understand which clothing is tax deductible for the self employed, the HMRC rules you need to follow and how to claim them on your tax return.
Find out how to claim food expenses if you’re self-employed, where to put them on your tax return and which food and drink are tax allowable.
Understand the HMRC rules to help you to decide whether your training cost are tax-deductible if you’re self-employed or have a LTD.
Understand what business expenses are tax deductible for the self employed, the HMRC rules to follow & how to claim them on your tax return.
Disallowable expenses are things you can’t put on your tax return to reduce your tax bill. But which ones are they? Find out in this guide with examples.