Can I include my accountancy fees?

As a sole trader, you may think you can include all your accountancy fees as a tax deductible expense however this is incorrect. You are allowed to claim for the fees incurred for providing services to your business, but some of your Self Assessment is deemed to be a personal expense.

We recommend our clients put through all their accountancy expenses, and we will then deduct an amount in line with the amount of time it takes to file your return. We will allow for costs such as software, our time on support and advice for your business, any accounts that require preparation, and any other services that are provided to your business (as opposed to you as an individual).