Sole Trader None Taxable Expenses

[QFSteve]

Hello @Lesley_King

We have the following articles which may help

Self employed expenses

Please Note: This guide applies to Sole Traders and Partners of Non-Limited Companies, if you are a Limited Company please refer to the guide here: Introduction One question that we are frequently asked is: “How do I account for business expenses that I have paid for out of my own pocket?” We’ve covered this subject in detail within the forum but have decided to distill all the key points into one single guide. You and your business are one and the same Before answering any questions it is…

Business mileage expense

Introduction This guide shows how to record on QuickFile business mileage travelled in your own car, and paid from your own personal funds. What counts as business mileage? Business mileage is mileage you travel whilst doing your job. It can include travel to a temporary work place but it doesn't include: - Normal travel between home (or anywhere that is not a workplace) and your permanent workplace - Private travel - You can normally reclaim a fixed amount per mile for approved business mileag…

Sole trader, approved mileage

I am a fairly new user and have limited accounting knowledge, so forgive me! I know there is a guide to creating a supplier and invoice fr handling business mileage, but I feel there’s something really useful missing (unless I’m not seeing it). HMRC approved mileage rate is at two levels, 45p for the first 10,000 annual miles, 25p thereafter. This means you need to keep a running track of the total of miles as well as the amount. The help suggests simply recording the totals with the reason…