Are you missing tax allowable business costs?

Common deductible expenses within the Leisure industry include; advertising costs, telephone bills, heating and lighting costs, council tax, certain professional fees, general repairs, gardening costs, cleaning items, insurance, relevant membership subscriptions, crockery, cutlery, and bed linen to name a few.

Don’t forget you may claim travel expenses of up to 45p per mile for travelling to and from your property. It is important to keep detailed records to evidence this deduction.

If you run your business from home, you may claim a proportion of your household costs such as heating, electricity, internet and phone based upon the hours and rooms used.

For more information or advice, contact one of the EQ Leisure team today.