Module 7: Keeping Track of Business Costs and Tax Relief

Covered in the module: The importance of keeping cost records Separating costs Two important tools to use to track costs Which costs you can use to pay less tax Explanation on key costs such as travel, use of your home for business and large items of equipment. 7.1 Introduction It is very important to take care of business costs and know which costs to settle, in order to offer you a tax relief. Every business would prefer to secure more profit, rather than paying half of it ...