I worked freelance from May to December last year. I've just gone through my accounts and I earned £12,000 from it. I went back to standard employment in January so have been on PAYE since then.
A local accountant said it would cost £250 for him to submit my return for me - but since I only earned 12k, I'm wondering if it's worth it? But if I do it myself, I'm not sure what expenses I can deduct?
He mentioned business equipment (eg cost of laptop/printer/desk etc) - so I can estimate that. He also said I would deduct a portion of heat/lighting etc to cover home office but what kind of proportion?
I bought a new car in June - is any of that tax deducatable? I've looked online and I can find guidance but it doesn't go into much detail.
I probably have a few hundred pound of business expenses (paper, petrol etc) that I can easily work out/deduct - it's the other things I'm not sure about - can anyone help? I'd really rather not pay the accountant - because I'm now on redunancy notice so every penny counts in the run up to christmas, and I'm thinking I probably owe very little tax anyway becaus eof my earnings?
I'd be super grateful for any help
thanks
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Freelance Expenses/Tax Return
9 replies
Pompbear · 03/09/2013 16:50
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