19 June 2014 11:00
Blog
Free HMRC live webinars on business expenses for the self employed
HMRC is running a series of live interactive webinars in June aimed at those who are self employed, explaining how to file your business expenses.
You can take part in the free live webinars by pre-registering on the HMRC website and submitting questions in advance to be answered on the day. Each webinar will last an hour.
The HMRC webinars are:
Business expenses for the self employed
- 1:30pm to 2:30pm Wednesday 25 June
Simpler Income Tax – Cash Basis & Simplified Expenses
- 9am to 10am Friday 27 June
HMRC have also created an online video tutorial explaining the differences between Cash Basis and Simplified Expenses
Simpler Income Tax - Cash Basis and Simplified Expenses explained
Self-employed businesses (ie sole traders and partnerships – not limited companies or limited liability partnerships) can use fixed rates (‘Simplified Expenses’) to calculate how much they can claim for certain common types of business expenses if business and private use is mixed.
You can choose to use simplified expenses or calculate your expenses the usual way.
This video from HMRC explains the two different ways you can calculate your expenses.
comments powered by Disqus
