If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses.

By deducting these allowable expenses as part of calculating your business’s taxable profits, it’s possible for us to reduce your income tax bill in the process.

In our article this month, we take a look at some of these deductible expenses and what you can claim such as office expenses, travel expenses, staff costs, home-working and expenses incurred by residential landlords.

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