Start up cost on self assessment form

[supermeems]

Hi

I became self-employed in Jan this year so I have to put in my information for Jan-Mar on a self-assessment form.

I have put my turnover as the sum I have been paid on invoice.

Expenses: As a single total

Do I combine my start up costs and my 3 months expenses in this box or is it best to opt for the detailed breakdown box and if so where would I include my start up costs.

Many thanks in advance for your much needed help.

[Andrew @ PLA]

Hi, providing you are under the limit for filing expenses as a single amount (which I presume you are as it has given you the option), then there is nothing to be gained from listing the expenses rather than as a single amount - at the end of the day it is up to you and won't change your liability or rabate.

Hope that helps ..... :)

[Ingrid]

Enter your expenses as a single total, no need to complicate things!

[elainec100@cheapaccounting]

One total for expenses if under the relevant limit will do

[supermeems]

Many thanks for your help - I am finding this forum invaluable