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Tel: 44 (0) 1992 715804 - Fax: 44 (0) 1992 650933 - Email: firstname.lastname@example.org
Connor Warin can provide assistance to self-employed people in the Waltham Abbey 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:
Expenditure on plant and machinery for most small businesses is likely to be covered by the annual investment allowance of up to £1 million.
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 Waltham Abbey area and would like advice on claiming allowable expenses, contact Connor Warin.
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22 Aug 2019
HMRC has written to 145,000 VAT-registered businesses that only trade with the EU, advising them to plan ahead for a potential no-deal Brexit.
21 Aug 2019
Manufacturing output in the UK stabilised in the three months to August, according to data published by the Confederation of British Industry (CBI).
20 Aug 2019
In a new report, think tank Bright Blue has called for the government to use the UK tax system to help combat the problem of air pollution.