Allowable Expenses – The costs you can reclaim.

If you’re self-employed, there are costs which you are able to deduct as allowable expenses for your business in 2021/2022. Deducting these allowable expenses as part of your business’s taxable profits, allows us to reduce your income tax.  If your business has turnover of £50,000 in 2021/22, and you have £15,000 in allowable expenses, your[…]