Confessions of a Cleaning Business Owner

Maximizing Profits in Your Cleaning Business


Listen Later

Podcast Summary: Maximizing Profits in Your Cleaning Business
Episode Overview

In this insightful episode, hosts Louise and Diane delve into the various expenses that can be claimed back in a cleaning business to help lower tax bills and maximize profits. They provide a detailed guide on what constitutes legitimate expenses and how they can impact your bottom line.

Key Topics Covered
  • Rent and Home Office: Claiming rent for an office or storage unit is allowed, but not for your personal home unless a room is exclusively used for business purposes.
  • Travel and Motor Expenses: Business-related travel expenses, motor expenses, and mileage are all claimable.
  • Telephone and Broadband: These can be partially claimed based on the percentage of usage for business.
  • Essential Supplies and Services: Costs for cleaning products, equipment, insurance, legal fees, bank charges, and software are all legitimate expenses.
  • Uniform and Cloth Washing: Expenses for washing uniforms and cloths used in the business can also be claimed.
  • Solo Cleaners Spreadsheet: A valuable resource available on the DCBN website, listing all the expenses that can be claimed back.
  • Key Takeaways
    • Claiming legitimate expenses effectively can significantly lower your tax bills and increase profits.
  • Detailed knowledge of claimable expenses, from rent to uniform washing, is crucial for financial efficiency.
  • Utilize the Solo Cleaners spreadsheet for a comprehensive guide to claimable expenses.
  • Episode Titles
    1. Maximizing Profits: What Expenses Can Be Claimed Back in a Cleaning Business?
  • Rent, Travel, and Telephone: Understanding Claimable Expenses in a Cleaning Business
  • Memorable Sound Bites
    • "What can you claim back as expenses in a cleaning business?"
  • "The more expenses you claim, the lower your tax bill will be."
  • "You can claim your own home as an office if you have a dedicated room solely for business."
  • Conclusion

    This episode is a must-listen for cleaning business owners looking to optimize their finances. By understanding and claiming the right expenses, you can ensure your business remains profitable and compliant with tax regulations. Don't forget to check out the Solo Cleaners spreadsheet on the DCBN website for an exhaustive list of claimable expenses.

    ...more
    View all episodesView all episodes
    Download on the App Store

    Confessions of a Cleaning Business OwnerBy Domestic Cleaning Business Network

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    6 ratings


    More shows like Confessions of a Cleaning Business Owner

    View all
    The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

    The Side Hustle Show

    1,586 Listeners

    Grow My Cleaning Company's Podcast by Mike Campion, Author, Speaker, serial entrepreneur and bad dinner guest hel

    Grow My Cleaning Company's Podcast

    234 Listeners

    The Diary Of A CEO with Steven Bartlett by DOAC

    The Diary Of A CEO with Steven Bartlett

    7,165 Listeners

    On Purpose with Jay Shetty by iHeartPodcasts

    On Purpose with Jay Shetty

    27,238 Listeners

    Smart Cleaning School by Ken Carfagno

    Smart Cleaning School

    63 Listeners

    Profit Cleaners: Grow Your Cleaning Company and Redefine Profit by Brandon Schoen | Brandon Condrey

    Profit Cleaners: Grow Your Cleaning Company and Redefine Profit

    58 Listeners

    The Business of Cleaning by Janitorial Manager

    The Business of Cleaning

    14 Listeners

    Mindset & Motivation by Dr. Stephen Cabral

    Mindset & Motivation

    160 Listeners

    Motivation Daily by Motiversity by Motiversity

    Motivation Daily by Motiversity

    1,924 Listeners

    The UpFlip Podcast by UpFlip

    The UpFlip Podcast

    250 Listeners

    Clean Biz Network Podcast | How To Start a 7-Figure Commercial Cleaning Company by AJ Simmons

    Clean Biz Network Podcast | How To Start a 7-Figure Commercial Cleaning Company

    16 Listeners

    The Profitable Cleaner by James Harper

    The Profitable Cleaner

    25 Listeners

    The Mel Robbins Podcast by Mel Robbins

    The Mel Robbins Podcast

    20,604 Listeners

    Cleaning Business Life by Shannon Miller & Jamie Runco

    Cleaning Business Life

    21 Listeners

    Filthy Rich Cleaners: The Cleaning Business Podcast by ZenMaid

    Filthy Rich Cleaners: The Cleaning Business Podcast

    13 Listeners