Payment of finder's fees to 3rd parties Tax Deductable for Sole Traders?
As a Marketing Consultant who is a sole trader I sometimes get my contracts through a middle man.
This middle man looks for and introduces me to prospective clients.
As a compensation for the service of finding / introducing me to a client, I need to pay this middle man a finder's fee/Commission.
This fee is roughly 15% of the value of the contract that I obtain with the client.
As this is a purely business-related cost, I was wondering if I can deduct these cost as a business expense?
Thanks in advance for helping me find an answer to tis question.
- Where has Portia gone? 5,563 117
- What do people do with signed accounts/engagement letters/tax returns? 436 12
- Help 397 13
- Can a trust benefit from PPR 665 5
- Is a new PAYE scheme needed for incorporated business? 79 3
- P11D Expenses Claims 84 1
- Sage 50 accounts 44 1
- Lost "thanks" 139 2
- Moneysoft or Sage payroll with auto enrolment? 363 7
- OMG HMRC !!!! Employ some ppl!! 825 14
- VAT Exemptions for Dance Education 173 3
- Stock of photos to capatilise 443 18
- Anyone used the firm 'More Clients 4 U? 255 6
- Practice management software 1,173 22
- What is the correct Vat treatment and rate to use to record a business stay in a hotel in the EU? 196 2
- On the high seas 197 3
- US Company charging VAT. How to account 113 1
- RTI Payroll ID 2,125 26
- Payments on account 275 4
- Dividends from UK plc - tax years and dates 193 3
- Services via intermediaries and new HMRC reporting requirements 861
- How hard is it to reduce a code? 452
- Sanzar 353
- How do you do it 343
- Digital marketing focus group 316
- Kashflow balance sheet difference 300
- Bed & Breakfast trade via Limited Company 215
- Fit for purpose 204
- new investor structure 203
- VAT Registration 184