Self employment tax and expenses help

Hi, I started being self employed in Jan this year. I have created a spreadsheet to work out my tax and NI but I don't quite trust my sums. Does anyone have a good template? Also does anyone know how to work out your expenses e.g broadband, wfh such as electricity, council tax etc?

Replies2

  • Hi Ilona,
    Good explanation on the gov.uk website on figuring out your expenses - https://www.gov.uk/simpler-income-tax-simplified-expenses/working-from-home
    Nutmeg have a handy calculator to check your tax and NI so you can check the calculations on your spreadsheet - https://www.nutmeg.com/self-employed-tax-calculator
    Wishing you alll the best with your ventures,
    Zena

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