Calculate the total square footage downstairs.Īdd them together to get the total house size in square feet.įind the square footage of the space you will be working out of.įind the percentage of this room in relation to the total house size. and make a list.Ĭalculate the total square footage of upstairs. gas/heating, electricity, mortgage/rent, insurance, utility bills etc. Bills total £1000 per year.Īgain, find the total cost of running your home i.e. Get the total cost and divide it by the number of rooms in the house. Here’s how you can work out the deduction of bills relative to the room you work from.įind the total cost of running your home i.e. If this room is also used for personal reasons or is another person’s bedroom – you can’t claim. This could include heating, internet, home insurance, lighting and mortgage or rental costs.īe aware though, this room MUST ONLY be used for business. Thanks to tax deductions, you can claim a percentage of the overall running costs of your home relative to this room. Whether this is in person or via online music lessons. You’re going to be using part of your home or a home office to run lessons out of. But these are some of the most common things you can claim. So we recommend you do your research into claiming tax expenses as a music teacher. So, what expenses can you claim back as a music teacher?īe aware that this is not an exhaustive list. Just remember you will have to send a tax return and be able to demonstrate, at any time, that your expenses were accrued as a direct result of you being a music teacher.Īgain, speak to an accountant should you need more advice. If you’re a self-employed music teacher you’ll likely be able to claim back quite a few expenses, which could be part of your internet bill for online lessons, equipment, a percentage of your house, strings, drum sticks – the list goes on. B: Can deduct some of these costs and get them back.This means that to run your business as a music teacher, whether online or in-person, you: You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses.” HMRC also states: “If you’re self-employed, your business will have various running costs.
Be honest – you don’t want to run into a nasty penaltyįirst of all, HMRC states that “if you are self-employed as a ‘sole trader’ and earned more than £1,000 in the last tax year, you have to send a tax return.”.Save 30% of fees where you can – you always want to be safe.*probably not a good idea, but speak to your accountant! Our Top Tips for Self Employed Music Teachersīefore we begin – here are our essential tips for self-employed music teachers: So today, we’re going to take a closer look at claiming tax expenses as a music teacher and highlight some of the most important things you can claim as a music tutor. When you’re wondering what you can claim, how much you can claim and whether or not you can put that new Gibson Les Paul through the books* it pays to be diligent and do your research. Plus, if you're not happy with any new tutor, we'll gladly refund the cost of your first hour.Claiming Tax Expenses As A Music Teacher – A Guide Claiming Tax Expenses As A Music Teacher – What Can I Claim?Ĭlaiming tax expenses as a music teacher can be quite confusing at times. Wyzant helps more students find face to face lessons, in more places than anyone else. If you are looking to learn a subject similar to Music Teachers, tap into the nation’s largest community of private tutors. Get 1-to-1 learning help through online lessons. Find Online Tutors in Subjects related to Music Teachers.
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