How Using ‘Simplified Expenses’ Can Save You Time if You’re Self Employed

claiming expenses when you are a sole trader and simplifies expenses for the self employed

Wrestling with your accounts is certainly not the highlight of working for yourself, but getting your finances right is an important part of being self-employed.

Claiming business expenses can help you to cut your tax bill but, knowing what, and how much you can claim for isn’t straightforward. Fortunately, HMRC allow the self employed to use ‘simplified expenses’ to claim certain allowable business expenses without having to make complicated calculations. (more…)