Simplified expenses can be used for sole traders or partnerships that have no companies as partners. They are a way of calculating some of your business expenses using flat rates instead of actual business costs. You can decide if actual costs or simplified expenses suits your business. Types of simplified expenses You can use flatContinue reading “Simplified Expenses for Self Employed”
Category Archives: Business expenses
Self employed business expenses
If you are self employed your business will have various expenses and running costs which you can deduct to work out your taxable profits. Allowable expenses does not include money taken from the business to pay for private purchases Typical expenses include the following Office costs for example stationary and phone bills Travel costs whichContinue reading “Self employed business expenses”
