are these expenses tax deductible?

[catbot]

Tweet

I'm in the process of the doing my tax return, and for the first time I have to think about expenses relating to my IM business. I know domain names, hosting etc can be claimed as expenses, but there are a couple of other things that I'm not sure about.

I am a member of an affiliate membership site that provides training materials and tools for affiliate marketing - would my membership fee be classed as a business expense?

Similarly, I'm thinking of joining a paid article distrbution service, which has a monthly fee - could I count that as an expense too?

thanks for any help

[aaclapham]

I would say yes - any expense that helps your business is fine.

[Bud]

I'd agree, any costs you incur that are in some way involved with your business can be counted as expenses. If you weren't in AM would you have paid for these services?

[catbot]

That's good news - thanks for the replies!

[hrbs]

Hi

There may be other expenses you can claim.
I have a guide at http://tips.hrbs.biz/running-your-bu...ible-expenses/.

As I posted in another thread, you may wish to read the HMRC helpsheet HS222 at http://www.hmrc.gov.uk/helpsheets/hs222.pdf which gives details (page 9) of the new capital allowance rules. It also explains how to calculate your self-employment profits.

If your costs are greater than your income, the trading loss can be offset against your other income and generate a tax refund (depends on your particular circumstances).

Regards

Keith
http://HRBS.biz

[accelerator]

Just in case you need another opinion ... I'd say these were allowable too.

Rgds