Allowable Expenses

[Frank]

Yes I agree with that but thats not what 'good' accountants usually do.

 

Also claiming you pay someone XX amount of money for a service that they dont provide in order to save tax is I think fraud. Plus his Mrs would then have to declare the earnings any pay the tax anyway.

 

There is a lot of stuff you can claim for but you have to prove it all.

 

You only pay tax above a certain amount.

[niftysteve]

I'm going to see how my linching meeting goes with him, he will know in no uncertain terms that he needs to work much harder for his money. But I may come back to you on that TCD, I can always post my books on no worries

 

dont ferget to claim for your washing

 

my accountant based near cambridge looks after my sisters business accounts in porstmouth no probs hes very good (had a couple of holidays at her majesty s pleasure)

[18 stoner]

dont ferget to claim for your washing

 

my accountant based near cambridge looks after my sisters business accounts in porstmouth no probs hes very good (had a couple of holidays at her majesty s pleasure)

 

What like porridge Steve?:lol:

[Mesterh]

My missus can earn £5k without paying tax

 

You only pay tax above a certain amount.

 

I assume she is already working and therefore should pay tax on any additional income.

[Frank]

What like porridge Steve?:lol:

 

hahaha amazing, I was just typing that.

[Dean Lofthouse]

I assume she is already working and therefore should pay tax on any additional income.

 

Thats not a problem if she was working, my daughter could do them instead. The point here is there are totally legal and allowable expenses, that was just an example

[18 stoner]

Just a thought Dean, something i seem to remember from my accountant, you can claim for an office in the house, but be careful with planning permission. You are not allowed a room solely for the use of work without permission. Mine is in the kids playroom, that way you can still offset.

[Rich Rule]

I have been informed in the past that it requires a door to be classed as an office.

[Frank]

you dont have to have an actual office, just claim a percentage of houshold bills for business use, i.e heating, lightbulb, internet, etc etc, otherwise you would have to setup seperate phone lines and elecy meters etc etc, think you can use something like 3% of annual bills as business use without any fuss.

[Ian Leach]

I think you can claim expenses on an office, leccy, all stationary stamps etc etc, furniture for office, telephone, day to day book keeper, even taking people out on a business lunch. I know it doesn't sound much but it adds up thro out the year. I'll speak to me Dad and ask him as he has done my bro s books and he hasn't payed tax for the last 3-4 year only started paying this year. And yes all above board as checked by tax man.