30 Allowable Expenses You Can Claim to Reduce Tax Bill

Here are 30 'allowable expenses' you can claim on your Self Assessment Tax Return if they are applicable to you. It's surprising how many of these get missed, leaving business owners with a bigger tax bill than they actually deserve! Need some help with tax and accounts? https://bit.ly/BOOK_A_FREE_CALL OTHER VIDEOS: https://youtu.be/JBe_mzH392o https://youtu.be/Kqj1h76FEy4 TIMESTAMPS 0:00 Clothing and uniform 0:45 Laundry costs 0:59 Professional subscriptions 1:14 Industry publications 1:38 Training courses 2:10 Software and apps 2:27 Digital services 2:45 Home office expenses 3:00 Travel expenses 3:18 Phone and internet bills 3:40 Advertising and marketing 3:56 Office supplies and stationery 4:16 Bank charges and loan interest 4:28 Hiring subcontractors or freelances 4:41 Repairing tools and equipment 4:51 Business insurance 5:11 Accountancy and legal fees 5:22 Business premises rent and rates 5:37 Vehicle expenses 5:51 Fuel costs 6:23 Bicycle mileage 6:39 Bad debts 6:53 Replacing small tools 7:10 Sponsorship and charitable giving 7:21 Temporary staff costs 7:32 Security measures 7:51 Parking fees and tolls 8:02 Productivity or CRM software 8:13 Staff welfare 8:30 Hiring specialised equipment FOLLOW US Facebook - https://www.facebook.com/helpboxuk X - https://x.com/HelpboxUK LinkedIn - https://www.linkedin.com/company/helpboxuk/ [All opinions are my own. All information and advice given is correct at time of filming]