Posted: August 9, 2023

One of the benefits of working as an independent contractor is the ability to claim back business expenses, allowing you to maximise your take home pay and reduce your tax liability. This can be done through the Revenue Online Services. It’s important to understand which business expenses are eligible to claim, i.e expenses incurred relating to the operation of your business

Allowable Expenses

Non-Allowable Expenses

  • Postage and Stationery, Home Office equipment and phone and internet usage
  • Training courses related to your field of work
  • Memberships to professional bodies
  • Accountancy fees
  • Travel and subsistence – excluding your usual commute from home to work
  • Rent and Utilities if you operate out of a registered business premises
  • Running cost of vehicle used for business conduct
  • Use of public transport/ taxis
  • Goods purchased for resale
  • Employees pay
  • Relocation expenses – defined as a movement of a minimum of 100km
  • Where money is spent on something for both commercial and personal use, a partial deduction can be claim on this
  • Clothing (excluding protective clothing required for conducting your business)
  • Your own pay
  • Client entertainment costs
  • Your own food
  • Travel expenses incurred in your normal commute.

By leveraging these deductible expenses, you can work toward increasing your profits and achieving long-term financial success as an independent contractor. To ensure you are up to date on what can and can’t be claimed, it’s a good idea to speak with a tax professional or your accountant. Further information on claiming expenses can be found on the Revenue website.

About the Author

James Hickey

James Hickey

James is a Business Manager at Sonas Technical and leads out our Construction & Utilities department. James has a number of years experience in the construction &utilities industry, providing him with a wealth of insights and the technical understanding which allows him to work closely with our clients and find them the best suited talent.

You may also be interested in