That’s right, it really doesn’t have to be taxing…well it isn’t with the help of our ‘tax heroes!’ Next week, we are providing everything you need to know about your taxes for UK users, as we approach the deadline for Tax Returns. You can ask any questions in our tax clinic during the week, with expert duo Elaine Clark and Catharine Harris.
Common questions…
Every little helps!
- What do I need to do to get started?
- Do I need to register with HMRC?
- How do I pay myself?
- Should I be a limited company or a sole trader?
- What costs can I claim?
- Can I claim for food, clothes etc.?
- Should I have a company car?
- I invested some money into business when I started. How can I pay this back?
How do I ask my question?
We’re are glad you asked because our mantra is…Don’t be afraid to ask- be afraid if you don’t!
Just head over to our Forum where we have started a dedicated thread and will be hosting the first of two ’Tax Clinics’, starting on Tuesday 17th Jan from 11-1pm and the second on Friday 20th Jan, again between 11-1pm; just in time for tax returns, we hope that this will help many of our users. Catharine and Elaine will be on hand to answer any of your questions, for those of you who are constantly on the go; you can also tweet us (don’t forget #TaxPPH) or post them straight to our Facebook wall
Hi there,
Was repeatedly told that food and clothing are not allowable expenses…should I add them all up under goods and service used, even though not allowable..it is all a blur
Thanks!
Hi
Food and clothing – it all depends upon what type of business you run. For instance, chefs can claim food, models can claim clothing.. If the expense is necessary to run the business, rather than to feed you or keep you warm, then it should be tax deductible.
If these expenses are not tax deductible in your business, maybe it is less work for you to exclude them from your business records.
I hope this helps.
Catharine, Taxfish
Hi there,
Hop over to the forum and our experts will help you in our live tax clinic that’s happening now!!!
http://www.peopleperhour.com/forum/tax-week-begins-16-20th-jan-on-pph/482/page/3
They’ll answer all your questions there