What business expenses can you actually claim? скачать в хорошем качестве

What business expenses can you actually claim?

When you’re self employed you can off-set your business expenses against your profits to reduce your tax bill. So what exactly can you claim for and is the government going to give you free money? Today we’ll discuss the whole process from the perspective of a self employed sole trader in the UK. To keep things simple I’m assuming you’re using the Cash Basis for accounting and that your turnover is under £85,000 per year. Download the spreadsheets mentioned in this video (join as a member): https://smallbusinesstoolbox.uk/all-d... Reference article here: https://smallbusinesstoolbox.uk/busin... Some videos that might be useful: What is cash basis?    • What is CASH BASIS accounting? UK small bu...   Making Tax Digital:    • Making Tax Digital for Income Tax - bad ne...   Record keeping:    • Basic TAX RECORD KEEPING when you’re self ...   HMRC audit:    • I got audited! Questions asked in a UK tax...   ✔ Help support this channel by joining as a member: https://smallbusinesstoolbox.uk/member/ ✔ Follow me on X: https://smallbusinesstoolbox.uk/yt/x ✔ Support me on Patreon: https://smallbusinesstoolbox.uk/yt/pa... ✔ Newsletter: https://smallbusinesstoolbox.uk/newsl... Here's some affiliate links to services I use or would consider using. If you think they would be a good match for your business please use these links - many include offers exclusive to this channel. Read more about affiliate links at the bottom of this description: 👉 InvestEngine for investments: https://smallbusinesstoolbox.uk/yt/in... 👉 Tide for business banking: https://smallbusinesstoolbox.uk/yt/ti... 👉 SiteGround for web hosting: https://smallbusinesstoolbox.uk/yt/si... 👉 123-Reg for domain names: https://smallbusinesstoolbox.uk/yt/12... 👉 Acronis for data backups: https://smallbusinesstoolbox.uk/yt/ac... ⚠️ Disclaimer ⚠️ This is not accountancy, financial, tax or legal advice. Always use a good accountant and legal / financial professional. If you make an investment your capital is at risk. My opinions are my own and don't necessarily reflect the views of the companies I deal with. I sometimes earn commission from affiliate links - these don’t cost you a penny and help to keep this channel running. Read more about affiliate links here - the fairest way of funding the internet: https://smallbusinesstoolbox.uk/affil... - thanks so much for your awesome support! Business expenses chapters: 00:00 - Introduction 01:30 - General business expenses 08:30 - Wholly and exclusively rule 09:44 - Vehicle expenses 12:24 - Using your home as an office 15:33 - Reporting and record keeping All content on this channel is exclusively owned by MacLellan Creative Limited. Copyright (c) 2024. All rights reserved.