What can I claim?

The first thing that every business owner needs to know. In this handy guide, we at McGinty Demack accountants have answered just that. Below is a simple, straight to the point guide which all of you operating as sole traders and partnerships can use, to ensure that you are doing everything that you can to keep your tax bills low.

Are you getting it right. Are you claiming for everything ?

Costs you can claim as allowable expenses

These include:

• office costs, for example stationery or phone bills
• travel costs, for example fuel, parking, train or bus fares
• clothing expenses, for example uniforms
• staff costs, for example salaries or subcontractor costs
• things you buy to sell on, for example stock or raw materials
• financial costs, for example insurance or bank charges
• costs of your business premises, for example heating, lighting, business rates
• advertising or marketing, for example website costs
• training courses related to your business, for example refresher courses