I’ve always been interested in Japanese culture – both traditional and modern – and my recent trip to Japan has furthered my interest. But living in London means I am lucky enough to be exposed to Japanese culture and traditions on a regular basis, whether it’s through visiting the Japan Centre on Regent Street, … Read more
One of the main questions you may have as a freelancer is "what sort of expenses can you claim?" Well, a ‘business expense’ is an expense which is wholly and exclusively for business purposes. In this article, we’ll be covering such topics as business travel, subsistence, entertainment, use of home, pensions, fixed assets and other … Read more
If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses. ExampleYour turnover is £40,000, and you claim £10,000 in allowable expenses. You only pay tax on the remaining £30,000 – known as your taxable profit. Allowable … Read more