Accounts & Expenses

Find out if you can claim gym memberships, yoga or other wellbeing costs. HMRC’s rules on what’s tax deductible - and what is just a personal expense.

Practical guide for sole traders and the self-employed on claiming eye tests and glasses as business expenses. Explains how HMRC’s strict rules work.

Most self-employed people rely on the same phone and broadband for both work and personal use. You can usually claim back part of the cost as a business expense, but…

Client lunches. Coffee after a meeting. A team meal at the end of a project. Are any of these costs tax-deductible? For sole traders, the tax treatment of “entertainment” has…

Learn which training costs you can claim when self-employed, how HMRC treats them, what records to keep, and where to enter them on your tax return.

As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense?

Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.

How to value a business, from earnings multiples to asset valuation. Includes guidance for small firms and sole traders, plus factors that influence price.

Practical guide to HMRC simplified expenses for sole traders, with flat rates, examples, and links to related tax guides.