The Essential Guide To Expenses

Your essential guide to expenses

January is a time when you need fast help when your self assessment is still on your To Do list.

If it’s summer when you’re reading this (or October or November) and you have time under your belt, rather than overwhelm and panic, soooo much easier.

This is my essential guide to expenses for sole trader freelancers doing their own tax return (for more in-depth information, there’s the How To Do Your Tax Return course, one to one coaching and Tick Off Your Tax Return retreats).

Don’t forget your reward once you’re done! #soimportant #cake #wine


What’s An Expense?

An expense is a day to day cost in your business.

It’s different to capital items, which are an investment (asset) when you’ll get the value for several years.

For example, stationery is an expense, your laptop is a capital item. I cover this in more detail with more example in the How To Do Your Tax Return course and in the articles below.


The Essential Guide To ExpensesThe essential guide to home working expenses

In a hurry? Get everything you need right now > How To Do Your Tax Return course


Doing Your Tax Return

A spoonful of cake with your tax returnAre you doing your first tax return?

All you need to know in one place > How To Do Your Tax Return course and the Tick Off Your Tax Return retreat

If the course isn’t your bag, try these free articles.



Break through your money blocksIt’s easy to get a case of the overwhelms when you have a tax return to do (try my Money Mindset Resources).

I know it’s easy to throw up your hands, declare you don’t want anything to do it or put it off.

Thing is, it’s essential for your business to understand about expenses so you can make better decisions.

Having your tax return, money and expenses firmly in the avoid camp doesn’t help you grow your business so you can make the difference in the world you are craving for.

So let’s sort that out:


Expenses Resources

From free to a no-brainer price, download these resources so you can take action right now.

(And don’t forget your reward #cake #wine)



(capital items aren’t an expense, but I’ll leave it here for you anyway)







Do you understand what you need to do with your expenses? Do you understand what’s tax-deductible?

Share with me on FacebookTwitterInstagram, follow me on Periscope or leave a comment. I’d love to hear from you.


If you need one to one support knowing what to do with your expenses and what’s tax-deductible, learn more about coaching.

If a tax return retreat in a cabin in the woods, only 5 minutes from the London Underground, is more your thing, learn more about the Tick Off Your Tax Return Retreat.

If you need an at-your-own-pace tax return course that’s easy to understand, have a look at How To Do Your Own Tax Return course.

Try my free resources and download the expenses spreadsheet and tax return checklist.

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