What expenses can you claim?
Anything you pay for to help run your business can be claimed back as an expense. Xero makes it easy to keep track of all the little bits of paper by taking photos of expense receipts directly with the app.
- purchases of supplies or inventory to make a product or to sell to a customer
- rent on the office or space you work in
- payment of salaries or wages to people working for your business
If you work from home, work out the percentage of the costs of the house you can claim back. Claims on capital expenses – things like vehicles, computers or land – are calculated by depreciation. Find out how much you can claim on these purchases this year with this depreciation guide.
Make sure you don't claim personal expenses as business expenses, it’s against the law.