I wanted to put my chiropractor fee through my business as my job as a plumber needs me to be fit for work and is also the main cause of my back trouble. But I was told it wasn't allowed.
What about claiming food for meetings and food for when your out and about. I was told I can claim for lunch and dinner because as a driving instructor I'm always driving to different places
Very informative little lectures. Here is a scenario. A pilot's eyesight deteriorates and has to have laser surgery to correct them. Clearly there are benefits for outside the work environment, BUT those benefits would not be needed to be an effective member of society, glasses would suffice. To my mind this would be deductable, but interested to hear your view.
It would come down to the evidence in play. Example Have they got evidence to suggest they will need to correct the eye sight to carry on trade Had they previously tried to correct eye sight Was there an injury caused during the trade etc You’d have to prove the wholly and exclusive point. It’s probably a tough one to build a case for though.
Just found this channel, watched loads of videos. All very helpful.just a quick question if you don't mind. My girlfriend Is part time employed and a sole trader dance teacher. She uses her car for both. She uses her car roughly 50% for her sole trader work. Does that mean she can claim for 50% of her car costs? For example car payments, road tax and repairs? She already claims for her petrol. Thanks
@@HeelanAssociates thanks for replying, and thanks for the link. Very helpful. I'm I right in thinking she can claim for 50% of her car payments (which she leases) as she uses her car for 50% for self employed work and 50% private use. That would be the same for vechicle tax, insurance etc. And thanks again it's very much appreciated 👍
Does it make sense to rent a room (maybe with part of bills) to your business if you are a sole trader? or is the money you get from the business taxed the same way you would normally?
Thank you once again for a fantastic topical issues chat, your posts are so helpful in so many everyday business matters
Thanks Mike glad they help!
I wanted to put my chiropractor fee through my business as my job as a plumber needs me to be fit for work and is also the main cause of my back trouble. But I was told it wasn't allowed.
Generally this would be correct, but depends on specific facts of your case.
What about claiming food for meetings and food for when your out and about. I was told I can claim for lunch and dinner because as a driving instructor I'm always driving to different places
Have a read here this may help www.heelanassociates.co.uk/ha-137-travel-costs-for-the-self-employed/
I just open my LLC and I want to know the next step to take after opening a bank account and how I can pay taxes
This may help. The ignore the title there is a lot of info for limited companies www.heelanassociates.co.uk/setting-up-self-employed-or-sole-trader/
Politicians claim a lot of things on expenses etc.g. hair, nails, clothing ect.
I’m sure they don😄
What about private health insurance for a sole trader, BUPA for example? Thanks.
For a sole trader it’s *generally* not allowable under the principles discussed in vid.
@@HeelanAssociates OK, thanks for your reply, much appreciated. Regards, Mark.
Very informative little lectures. Here is a scenario. A pilot's eyesight deteriorates and has to have laser surgery to correct them. Clearly there are benefits for outside the work environment, BUT those benefits would not be needed to be an effective member of society, glasses would suffice. To my mind this would be deductable, but interested to hear your view.
It would come down to the evidence in play. Example
Have they got evidence to suggest they will need to correct the eye sight to carry on trade
Had they previously tried to correct eye sight
Was there an injury caused during the trade etc
You’d have to prove the wholly and exclusive point.
It’s probably a tough one to build a case for though.
Just found this channel, watched loads of videos. All very helpful.just a quick question if you don't mind. My girlfriend Is part time employed and a sole trader dance teacher. She uses her car for both. She uses her car roughly 50% for her sole trader work. Does that mean she can claim for 50% of her car costs? For example car payments, road tax and repairs? She already claims for her petrol. Thanks
Have a read here www.heelanassociates.co.uk/self-employed-motor-expenses-basics/
@@HeelanAssociates thanks for replying, and thanks for the link. Very helpful. I'm I right in thinking she can claim for 50% of her car payments (which she leases) as she uses her car for 50% for self employed work and 50% private use. That would be the same for vechicle tax, insurance etc. And thanks again it's very much appreciated 👍
Does it make sense to rent a room (maybe with part of bills) to your business if you are a sole trader?
or is the money you get from the business taxed the same way you would normally?
Rental income is taxed at same rates, so you are best of using the usual use of home rules for a tax deduction.
@@HeelanAssociates that's what I thought. It is probably worth it if you have a Ltd (depending on circumstances).
Thanks