Ensure You Are Claiming Tax-Deductible Expenses
Self-employed individuals are able to claim tax relief on part of their household expenses, which can include insurance, repairs and utilities.
If you often work away from your main place of business, you may also be able to claim for travel and accommodation costs; make sure that accurate records are kept, such as a log of business journeys.
However, you cannot claim business expenses for non-business driving or travel costs, fines or travel between your home and your place of work.
For more information on claiming tax-deductible expenses, please contact us.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
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