
Self-employed allowable expenses you can claim on
If you're self-employed or a sole trader, then you're entitled to deduct tax on your expenses. Find out what costs qualify and how to claim.
Start the new tax year with confidence on 6 April, and make your next Self Assessment stress-free. Stay organised, automate repetitive tasks, and save time to focus on your business. Get tax confident with Sage Accounting.
Make sure to register for Self Assessment online, if you meet the requirements. The registration deadline is no later than 5 October in your second year of being a sole trader.
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You must submit your online Self Assessment tax return by 31 January for the previous tax year, and you must register by 5 October in your second year of operation. However, there are other key dates you should be aware of;
When? - What do I need to do?
For more information, and to learn more about which deadlines are applicable to you and your business, please visit: https://www.gov.uk/self-assessment-tax-returns/deadlines
You need to send a tax return if (in the last tax year) you were (including, but not limited to):
All 3 packages (Start, Standard, and Plus) give you the fundamental features you need to manage your accounting.
To accurately fill in your tax return, it’s important to keep records of:
To effectively keep track of key information in preparation of your Self Assessment, you can use tools like Sage Accounting to centralise, digitise, and automate the capture of important data so that it’s easier and clearer to fill out your tax return.
Sage Accounting helps you capture, categorise, and automate data for your Self Assessment tax return in one place. Get ready for the April 2024 deadline today by keeping digital records and optimising your self-employment income with Sage Accounting.
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If you're self-employed or a sole trader, then you're entitled to deduct tax on your expenses. Find out what costs qualify and how to claim.
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