Sean and others who think 5000 is way too much to spend on expenses.....
What have you claimed for on your 2013/2014 tax bill?
Mine is over £5,000 and I'm a one man WFP outfit. I also don't spend out on expensive gadgets etc, but everything adds up, including home office expenses everything.
Mobile phone costs alone are over £400 a year for me so £5,000 is hit very easily.
Jonny I'm in this business to make as much money as possible for as little work as possible so keeping my expenses as low
as possible is one way off doing that.
I don't skimp on anything that makes my job easier or quicker but I also don't waste it on anything that I don't need.
Well not anymore, well not too much as I do get fooled into buying the odd useless window cleaning gadget.
My mobile costs are next to nothing as far as my business goes because my customers call me if they have a problem and I don't feel the need to text them the night before. I have an old pay as you use contract that costs me nothing if I don't use it.
My fuel costs are low because I target properties that are close to home which also saves me on driving hours which would
do my head in as your not earning when not on the glass.
I'm also an old git 50 so my insurance costs are as low as possible.