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.
- Capital Gain? 404 11
- IHT Query 60 2
- Reversing out RTI 110 5
- When should i raise VAT invoice after pro-forma payment received? 295 9
- Abandoning accountancy membership in order to operate as a sole trader 845 22
- Gift or Capital Gain? 298 8
- Sage instant bank rec - is it possible to clear past transactions and reconcile from a given month? 269 6
- BrightPay 610 18
- Classic cars investment 239 7
- Are Court and tribunal Judges honest/commit fruad ? 222 3
- Client charged VAT by US supplier 320 7
- What are CIS subcontractor clients worth to you ? 341 7
- New Company - Corp Tax Period 270 9
- Fees for dealing with auto-enrolment 268 2
- H&W company 245 3
- VAT on sale of Vehicle 200 3
- tax teatment of index linked mortgage repayment 171 2
- How much?? (ACCA rules on practice insurance) 180 1
- Does anyone use a cloud based payroll software 808 32
- VAT silly question 2,414 56
- Benchmarking 494
- Possible Partnership? 437
- Lunatics in charge of the asylum - Bluestone 412
- Tax and accounting treatment on long lease granted from freehold 411
- Old Books for a 'NON' Client 357
- Purchase of property freehold - capitalisation of costs 212
- Growing Limited Company concerned about assets if something goes wrong 209
- Clubs and Taxable Income 199
- Income tax on foreign dividends 192
- Subsistence and hotel expenses 186