You could be losing money on business costs by not claiming them back against tax. Whether it’s because you weren’t aware you could claim, or a simple omission in your returns, use our self-employed expenses checklist to ensure you’re making the most of the available deductions.

Did you know that as a freelancer, you can claim the cost of an annual eye test to ensure your health as well as your financial wellbeing? Or that trade magazines, books and reference materials can be an allowable cost?

It’s easy to let receipts and expenses slip when you’re focused on delivering work for your clients, but regularly running through our handy checklist is quick, easy, and could save you the equivalent of a new project in some cases. Especially if you’re investing in new equipment or travelling a lot for your work.

And if you need more details on any area, make sure to look at the IPSE advice sections on financial wellbeing and self-employed tax for more help and support. With Making Tax Digital for Income Tax Self Assessment coming into force from April 6th, 2024, it’s even more important to get your freelance finances in order, and get into the habit of keeping everything up to date.