From HMRC: Capital allowances and record keeping for the self employed

Dear customer,

Why not start as you mean to go on by claiming the right expenses and keeping records. That way, you can work out your taxable profit correctly, pay the right amount of tax, and get a snapshot of how your business is doing.

Join our live webinars for more information, during which you can ask questions using the on-screen text box.

Please join our separate webinar, ‘Car expenses and the self-employed’ for more information on claiming for cars.

Capital allowances for the self-employed

By registering for this webinar about capital allowances, you’ll find out about claiming expenses for plant and machinery, such as business vehicles, computers, and equipment. We’ll also cover:
annual investment allowance
first year allowances
writing down allowances
record keeping

Record keeping for the self-employed

Register for our webinar to find out about setting up a record system along with tips on keeping it up to date, as well as:
unfamiliar terms
using records to work out taxable profits
information to record
You can also view our short videos from the following playlists – available on HMRC’s YouTube channel:
Self-employment tax return
Self Assessment
Have you recently watched a HMRC YouTube video? Please take a few moments to share your feedback through this anonymous survey.

Yours faithfully
HM Revenue and Customs

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