Self-Employed Expense Basics – What Can You Claim?

Wondering what expenses you can claim in your tax return as a self employed business owner? In this video Dan runs through the basics of what expenses you can claim as self-employed. Topics include: What expenses you can claim as self employed Self-employed travel expenses Self-employed working from home costs Self-employed training costs Self-employed entertainment List of self-employed expenses How you claim self-employed expenses Self-employed capital allowances ..... and more! Our self-employed start up guide https://www.heelanassociates.co.uk/setting-up-self-employed-or-sole-trader/ HMRC internal manual https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim37000 You can see more about what we get up to on the following: LinkedIn (Dan Heelan): https://www.linkedin.com/in/danheelan/ Instagram (Dan Heelan): https://www.instagram.com/danheelan/ Podcast: heelanhub.co.uk The HeelanHub Podcast, a show for small business owners. Join our mailing list for tax tips at: www.heelanassociates.co.uk Instagram (Company): https://www.instagram.com/teamheelan Facebook (Company): https://www.facebook.com/heelanassociates Twitter (Company): https://www.twitter.com/HeelanAssocs Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: info@heelanassociates.co.uk 00:00 Intro Self Employed Expenses 01:15 Wholly and Exclusively 02:05 Small List of general expenses 02:25 Use of Home expenses 04:10 Vehicle and travel expenses 04:45 Clothing expenses 05:58 Medical expenses 06:30 Entertainment expenses 07:55 Tax on profits 08:12 Keeping good records 08:38 How to claim