Top tax tips for running a business from your home

Knowing what expenses to claim against tax is vital in maximising the profits of a home-based business, writes Louise Kelly.

17th February, 2013
Laura O'Mahony of Happy in Your Nappy: 'I am vigilant about retaining receipts.' Photo: John Kelly

An important method of ensuring maximum tax efficiency is to claim all expenses to which you are entitled. For the self-employed, these expenses reduce overall profits and therefore the amount of tax paid on those profits. For the remote worker, knowing what expenses are allowable can make the experience of working from home all the richer.

Many self-employed individuals with a business base at home do not realise they can offset certain costs against their...

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