Hi. I have been self employed for 17 years and used an accountant for my tax returns. This year the profits are very low, less than £1000 and I am closing the busines, so I am attempting to do my own tax return online.
Could anyone please help on how to calculate the capital allowances for the tax return.
My accountant did it online last year and answered Question 24-Other capital allowances = £560
No new equipment this year to add to the allowance so I think I only have to calculate the depreciation but not shue how to.
Could anyone please help on how to calculate the capital allowances for the tax return.
My accountant did it online last year and answered Question 24-Other capital allowances = £560
No new equipment this year to add to the allowance so I think I only have to calculate the depreciation but not shue how to.
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