Hi All Am just completing my tax return for my first year as a self-employed bookkeeper and was wondering what kind of expenses other self-employed bookkeepers were deducting. I have two clients that I travel to three times a week so I will claim mileage allowance and I have some stationery/postage receipts but thats about it. I obviously want to claim as much as possible and don't want to miss out something that I should be claiming for.
Do you do work at home? If so you can claim use of home as office. Do you have a mobile phone which you use to contact clients? If so apportion rent and charge for calls, same with home phone. Parking charges? Been on any courses (CPD)? MLR and PII costs. Professional body costs.
Keep a record of your mileage and claim 40p per mile upto 10000 miles and 25p thereafter.
Can claim for use of telephone, if phone line used for personal also, work out a percentage or get an itemised bill.
Stationery/Postage
Professional Indemnity Insurance Data Protection Fee Membership Fees eg ICB etc Computer Software
If you use a computer or laptop this would be claimed as a capital allowance. A percentage each year. Obviously taking into account of any personal usage.
Its getting late, and can't think any more, hope that helps for now.
Possibly, but I really would check it out, although you can get it tax allowed if you can avoid the expense in the first place it's money in your pocket.
I was told that I did need to, probably 2 or 3 years ago.
Would it be because I was doing a bit of payroll? and also filling in self assessment forms online?
I have just renewed again for this year. So will be upset if I am wasting money.
Has anyone else been told to register?
I was told at an ICB seminar a year ago that it was necessary to register. It sparked some debate and it did, indeed, appear to be a grey area. From memory, I think the distinction was that if you just did the bookkeeping then you did not need to register but if you also analyse the data then you must register.
