Reviewed by a Qualified Accountant
This content has been reviewed by our qualified chartered accountants. However, you should always check with a professional. If you have any questions at all, don’t hesitate to get in touch.
Teaching Yoga and Pilates requires a harmonious blend of physical expertise and mental focus. Between guiding students through sessions and perfecting your own practice, there’s little time left to manage the complexities of taxes and expenses. Worry not, as we’re here to provide clarity and support.
Having offered accountancy services for Yoga and Pilates instructors for many years, we understand the specific expenses that can help reduce your tax bill. This guide will highlight the essential expenses you can claim, allowing you to focus on what you do best: teaching and inspiring your students.
Venue & Equipment Costs
🏠 Venues
Costs for renting spaces for classes and workshops.
🧘 Props & Consumables
Expenses for mats, bolsters, blocks, oils, straps, and other consumables.
🏋️ Equipment
Costs for purchasing and maintaining necessary equipment.
🏡 Use of Home for Business
Expenses for using a portion of your home as a studio.
🪑 Home Office Furniture
Costs for desks, chairs, lamps, and other home office necessities.
And more…
There’s plenty more studio and equipment related costs you could claim. Just follow the golden rule: a deduction is allowed for expenses incurred wholly and exclusively for the purpose of the trade.
Travel & Operational Costs
🚗 Car Costs
Expenses related to using your vehicle for business purposes, including fuel and maintenance.
✈️ Travel Expenses
General travel costs, including public transport, parking, tolls, and vehicle depreciation.
🏨 Accommodation Costs
Expenses for lodging when travelling for work.
🍽️ Meals While Travelling
Costs for meals during business trips.
And more…
There’s plenty more operational costs yoga and Pilates instructors could claim. Just follow the golden rule: a deduction is allowed for expenses incurred wholly and exclusively for the purpose of the trade.
Marketing & Subscriptions
📢 Advertising
Costs for promoting your classes and workshops.
🌐 Web Design & Hosting
Expenses for creating and maintaining your website.
📝 Professional Memberships
Fees for joining professional organisations.
🎨 Creative Assistance
Costs for hiring editors, designers, or photographers.
📇 Personal Marketing Materials
Expenses for business cards, postcards, and other promotional items.
And more…
There’s plenty more yoga and pilates expenses you could claim. Always check with a tax professional if you aren’t sure.
Financial & Professional Services
🛡️ Insurances
Costs for insurance policies that protect your business.
⚖️ Legal & Financial Costs
Expenses for accountants and other financial services.
👥 Employment Assistance
Costs for services that help with hiring or managing staff.
🔍 Professional Supervision
Expenses for professional guidance and supervision.
And more…
There’s plenty more yoga and pilates instructor expenses you could claim. Always check with a tax professional if you aren’t sure.
Training & Education
📚 Course Materials
Costs for training materials.
🎓 CPD
Expenses for Continuing Professional Development courses and workshops.
👩🏫 Mentoring
Costs for professional mentoring services.
🧘♂️ Attending Classes with Senior Teachers
Expenses for advanced training classes.
📖 Journals
Costs for subscriptions to professional journals.
📚 Reference Books
Expenses for books and other resources.
📜 Yoga Certification Renewal Fees
Fees for renewing your teaching certification.
And more…
There’s plenty more yoga and pilates instructor expenses you could claim. Always check with a tax professional if you aren’t sure.
Miscellaneous
👕 Clothing
Costs for professional attire used during classes.
💆♂️ Massage, Osteopathy or Chiropractic Expenses
Costs for treatments to maintain physical health.
🏡 Property Insurance
Portion of your insurance bill used for business.
🎶 Music Streaming Services
Costs for streaming music during classes.
And more…
There’s plenty more yoga and pilates instructor expenses you could claim. Always check with a tax professional if you aren’t sure.
