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[10 Jun 2009 | One Comment | ]

The Self Employed
We are often asked about the sorts of things that self employed businesses can claim for, in order to reduce their tax bills. Unhelpfully, UK law says that “you can claim for expenses incurred in the course of running your business” and there is no further explanation! The reality is that a working practice has evolved and both the tax office, and accountants as a whole, have a feel for what is right.
When you start in business, the best approach is to record everything. The example profit and …