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Where Taxpayers and Advisers Meet

Sole trader - calculating electricity costs

KRP
Posts:1
Joined:Fri Feb 14, 2025 7:36 am
Sole trader - calculating electricity costs

Postby KRP » Fri Feb 14, 2025 7:48 am

I am a sole trader running a small pottery business from my home. The cost of firing the electric kiln is significant and is not reflected by the "expenses incurred by working in the home" calculation.
I can make a reasonable estimate of the costs by comparing electricity consumption on the days the kiln is fired with days it is not fired. Can I use this estimate to calculate allowable expenses? If not, how do other sole traders approach business-specific expense calculations?
Thanks
Dave

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