Introducing a new ‘use of home’ calculator for Sole Traders
Last Updated on 31 August 2023
I’ve had a couple of emails at the tail end of August, asking about how certain expenses are calculated when sole traders are doing their self-assessment tax return.
One area that always causes confusion is the ‘use of home’. People usually know that something is offset-able for heating and lighting, but how is this calculated? And what else can be included under ‘use of home’.
I decided to throw together an online calculator that sole traders can use, to try to make the calculation, based on advice from HMRC and inspired by a friendly accountant who makes great video explainers for sole traders in the creative industries.
Click below and have fun getting the page to do all the sums for you!
Posted on 31 August 2023