What you can claim as business expenses

Claiming the right expenses reduces your tax bill. Claiming the wrong ones can lead to penalties. Here is what most small businesses can deduct.

Usually allowable

Office costs and stationery, travel for business trips, software subscriptions, professional fees, and a share of home running costs if you work from home.

Often misunderstood

Ordinary commuting, client entertaining and clothing you could wear outside work are generally not allowable.

Keep good records

Save receipts as you go. Digital copies are fine, and good records make every return faster and cheaper to prepare.