How’s your tax knowledge? I’m useless so I get someone to do it for me (these guys in fact). When I started out freelancing I think this was the first question I asked😆 ▪️▪️▪️▪️ Repost from @kcaaccountants using @RepostRegramApp - Wondering which self-employed expenses are classed as allowable expenses? Briefly, these are some of the costs that usually count as being deductibles:-⁠ ⁠ Office expenses⁠ Travel⁠ Business premises⁠ Stock & Materials⁠ Legal and Financial costs⁠ Marketing⁠ Business insurance⁠ Clothing⁠ Staff costs⁠ Subscriptions⁠ ⁠ When you complete your tax return, you may get the option to give a single figure for your allowable expenses or to give a detailed breakdown. If you choose to enter a single figure, you still need to work out all your expenses accurately, and keep a record of your workings in case HMRC queries your figures.⁠ ⁠ Now if all that sounds a bit taxing (pun intended) or if you’d like to know a more detailed breakdown on what sort of items can be includ...