People with disabilities (like me) who work are more likely to be self-employed than others. I spent many years running projects, helping determined clients fulfil their potential and create their own small businesses. Alongside, I’ve been contributing to an HMRC Working Group aimed at better supporting those of us with additional needs.
HMRC is offering some practical support and help and say:
Dear customer,
Good record keeping and claiming the right expenses means you can work out the correct taxable profit or loss – and see how well your business is doing too.
Join our live webinars for useful hints and tips. If you have a question, ask us by using the on-screen text box.
For more information on claiming for cars, please join our separate webinar, ‘Car expenses and the self-employed’.
Record keeping for the self-employed
Find out about setting up a record system and tips on keeping it up to date, as well as:
- unfamiliar terms
- using records to work out taxable profits
- information to record
Capital allowances for the self-employed
This webinar looks at 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
You can also view our short video available on HMRC’s YouTube channel, including ‘Basic record keeping for the self-employed‘.
You’ll find more short videos on our ‘Self-employment tax return‘ and ‘Self Assessment‘ playlists.
Finally, don’t miss out! Subscribe to HMRC’s YouTube channel and you’ll be the first to know about our new videos.
Yours faithfully
HM Revenue and Customs