Wednesday, January 18, 2012

I am currently filling in my first tax return, and I have some questions?

It is asking my about my business expenses, however at the start of my business I got a loan for �2500 and paid for 80% of my expenses with that. So do I put the loan repayments down (I'll be paying it for 4 years) or do I put the items themselves down? Obviously I can't put both or it will be two expenses so I'm not sure which path is the right one.

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