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Are you a sole proprietor or member of a partnership? HMRC allow an array of business expenses to be deducted from your income to arrive at your taxable profits. The detailed list and guidance can be found by clicking on the following link (https://www.gov.uk/expenses-if-youre-self-employed). HMRC provide a simplification of some expenses. This means that youContinue reading “Simplified motor expenses for sole traders and partnerships”