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April 29, 2021
Question

Other business expenses shown as disallowable?

  • April 29, 2021
  • 1 reply
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Around £600 of my 'other business expenses' are marked as disallowable and i can't seem to find out which ones these are and why they are disallowable. can you help me find these and recategorise them if i need to? TIA

1 reply

BettyJaneB
April 29, 2021

Glad to see you here in the Community, Eliza.

 

You've got me here to share insights on when expenses will be categorised as allowable or disallowable in QuickBooks Self-Employed.

 

The information entered on your Tax Profile determines whether or not an expense is allowable. The number of hours must be less than 24 hours so it will be categorized properly.

 

On the other hand, if you entered more than 25 hours, the system will set your Rent/Utilities/Insurance expenses as disallowable.

 

However, to verify and keep your records accurate, I'd recommend reaching out to your tax adviser. They'll be able to help determine the category of your expenses.

 

To add up, you can always scan through these links attached to give you more details about claimable deductions in QBSE:

Know that my doors are always open to help if there's anything else that you need with QuickBooks. Have a nice day!