Tel: 01444 257155
Peter Lawson & Co can provide assistance to self-employed people in the Burgess Hill area on allowable expenses and other tax and financial issues...
We are often asked "What expenses can I claim now that I am self employed?"
The rather glib answer is "Anything that relates to your business". Whilst this is generally true, there are some expenses which, although genuine business expenses, are specifically excluded from tax relief, such as:
April 2013 saw the introduction of a new cash basis for calculating taxable income for small unincorporated businesses. One of the measures allows any unincorporated business to choose to use flat rate expenses for the following items of business expenditure:
This information is not exhaustive. Please contact us if you have any queries about the allowability of specific expenses.
If you are self-employed in the Burgess Hill area and would like advice on claiming allowable expenses, contact Peter Lawson & Co.
20 Apr 2018
The British Chambers of Commerce (BCC) has stated that a significant number of UK businesses are 'not seeing improvements' in the UK's mobile network.
19 Apr 2018
The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address 'growing wealth inequality'.
Once a month we’ll send you an email packed full of essential business news and handy tax tips to help save you money.
Sign up now!
Our summary of the key announcements from the Chancellor's latest Budget .
Read about the budget