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What does claiming expenses mean in a self-employed business?

Running a business almost always involves costs which relate to the work that you do. The good news is that as a sole trader or small business, you can claim back most of your expenses and reduce your tax bill.

Business costs that you can claim for are known as allowable expenses. Most business expenses are allowable, so you offset them against your business profits which, in turn, reduces your tax bill. Our video guide explains which allowable business expenses you can claim, how to claim them, and what this means for your tax return.

Including business expenses on your tax return

Make the most of your tax deductible expenses and include them on your tax return to help lower your tax bill. Our downloadable guide covers what allowable expenses you can claim for, or watch our video above!


Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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Yes, the business is VAT registered
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Call us on 020 3355 4047 if you’re not sure.


You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
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Call us on 020 3355 4047 if you’re not sure.