Allowable expenditure

☛ 1. the cost of goods bought for the business

☛ 2. the prime costs of running a business asset

☛ 3. wages and salaries of employees

☛ 4. heat, light and cleaning of business premises

☛ 5. repairs to and maintenance of business premises

☛ 6. postage and stationery

☛ 7. business telephone and rental

☛ 8. bank charges and interest on business loans and overdrafts

☛ 9. travel and entertaining if the sole purpose is to retain or acquire business

☛ 10. legal costs of defending business rights and renewing leases of less than 50 years duration

☛ 11. bad debts and specific doubtful debts

☛ 12. protective clothes necessary for the business

Dis allowable expenditure

☛ 1. private expenditure

☛ 2. clothes bought for ordinary everyday wear

☛ 3. acquisition and depreciation of business assets

☛ 4. your own wages or salary

☛ 5. your business partner's wages or salary

☛ 6. payments to charities

☛ 7. travel expenses between your home and place of business

☛ 8. a general (non-specific) provision against doubtful debts

☛ 9. legal costs of acquiring land and buildings

☛ 10. fines for breaking the law

☛ 11. your own life, accident or sickness assurance

12. costs of alterations, additions or improvements to business premises