Cash Benefits of a Home Office

SELF-EMPLOYED - RUNNING A BUSINESS AND PAYING TAX Many small businesses are based at home. From tax year 2013-14 onwards there is an optional, simplified flat rate deduction basis (see below), alternatively you can claim a reasonable amount for using a room, or rooms, at home for business purposes based on apportioning actual expenses. Costs might include part of the bills for heating, light, water, and rent or mortgage interest. It is important t...