Skip to main content

This is a new service – your feedback will help us to improve it.

  • Allowable expenses confusion

    Hi. I’m a sole trader using cash basis accounting and I take care of my own accounts. Usually it’s straight forward enough, but this year I’ve bought a workshop to run my business from and there are some purchases that I don’t really know where I stand. The heating is insufficient -for my business it needs to be warm so I’m having a wood burner fitted- can I offset this purchase (and going forward the smokeless fuel and wood cost) against my profit? The other things I’m unsure of are an internal security shutter, led lighting and a door chime so I can tell if a customer has entered. I’ve also replaced 2 Velux windows like for like as the roof was leaking (I’m pretty sure I can offset this one). Any help is much appreciated- thank you.