- Reaction score
- 2,974
It amazes me the amount of self employed/sole traders that have no handle on their accounts.
The simplified 45p then 25p per mile is great if you use a car and subby a lot, but if buying/leasing a van and using it for business use it's terrible imo. I use the simplified method if I take the family car to do quotes, as the van is all business use I put all costs on it through on it. Worth noting the 45p per mile has been the same since the 90's, but the cost of everything has gone up a lot since then.
The simplified 45p then 25p per mile is great if you use a car and subby a lot, but if buying/leasing a van and using it for business use it's terrible imo. I use the simplified method if I take the family car to do quotes, as the van is all business use I put all costs on it through on it. Worth noting the 45p per mile has been the same since the 90's, but the cost of everything has gone up a lot since then.