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Free Guide on Fixed Rate Expenses

A guide on fixed rate expenses, we consider an optional system of fixed rate expenses which is available for some businesses.

The rules allow the use of a ‘simplified’ fixed rate deduction instead of actual costs paid or incurred. It is optional, but using fixed rates may reduce the need for some of the detailed record keeping and calculations necessary to support tax deductible expenses.

We would be happy to review whether claiming fixed rate expenses would be beneficial in your business circumstances so please do contact us.

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