In order to reduce the tax amount as a self-employed, you need to go through some strategies, and make some unique strategies according to the tax rules in your country. We are listing some of the points that can help you to effectively reduce the tax amount.
1. Charity is the best way to earn tax benefits.
Charity made in any sector, is generally tax free and the amount you invest as the charity will help you to reduce the tax amount to be paid.
2. Keep a proper balance sheet for every expense you made for the business
3. Keep the things separate for work, the telephones, internet, electrical supplies and others, make a good record of all these expenses. Follow the home office guidelines if you are working from an office at home.
These points, along with many other strategies can help you to keep a record about your earnings and will also help you to save some additional amount as tax relief.
Image courtesy of FreeDigitalPhotos.net
About Author : Amy Lawson is a content writer. She is a professional blogger from London and have written many articles on Entertainment, Finance and Health categories. Now she is doing research on HMRC helpline etc.
