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.
- VAT Receipts 231 8
- Changing pay dates on Moneysoft 55 2
- Servicing AE fees 131 1
- P800 problems again 52 1
- Company accounts for £350 927 27
- Directors Loan Account Question 386 12
- Flat Rate VAT 144 5
- Am I the only one who finds this annoying 1,133 40
- Setting up a Charity Trust?? 126 4
- Seeking advice: Osetting Directors Loan at Startup 190 5
- Redundancy pay 272 7
- Software for Accounts layout 249 4
- Today's HMRC Business Help & Support SA302s 206 6
- Debt management unit HMRC 134 1
- How to report under-declaration on next VAT100? 123 1
- Seeking advice: With recruitment agencies for temporary placements, is VAT taken off the whole sum received from the client, or just what the company retains? 182 4
- Mandatory Capitalisation 224 3
- Practice software 1,151 16
- A different accounts production software request 199 2
- How best to split income on a Buy To Let - married. How do you decide beneficial ownership 1,551 16
- FRS 101 Software 327
- Motor Traders Assistant Bookkeeping Programme queries 301
- Continuity of practice-ACCA 292
- Tracesmart/Lexis Nexis AML software? Any opinions? 270
- French ConnectionUK 235
- Fundraising for friend - minimise tax? 206
- Can anyone explain Indian Minimum Alternate Tax 201
- Recommended International mobile phone coverage and costs? 198
- APN's 183
- Penalties for late filing of P11D forms 178