Hi,
I am starting a new sole trader business and was wondering how do I go about calcuating my business expenses.
I have an office in the house and work there most days and to be honest and evening and weekends too.
So how do I calculate bills like like broadband, mobile phone, electricity and heating, my cars diesel, car insurance and road tax., when I use it to travel to meetings?
Is there a simple way to do it or is it done on a day by day basis and what receipt do I need to keep.
Also is there any other expenses I have missed?, accountancy fees of course.
All advice appreciated
Johnny
I am starting a new sole trader business and was wondering how do I go about calcuating my business expenses.
I have an office in the house and work there most days and to be honest and evening and weekends too.
So how do I calculate bills like like broadband, mobile phone, electricity and heating, my cars diesel, car insurance and road tax., when I use it to travel to meetings?
Is there a simple way to do it or is it done on a day by day basis and what receipt do I need to keep.
Also is there any other expenses I have missed?, accountancy fees of course.
All advice appreciated
Johnny