help needed for keeping records

[eggsarascal]

You can feed and water clients and get tax relief on it.

 

Depends how it's worded I must admit.

[Richard 1234]

I thought you claimed for anything work related? I know a guy who takes his missus off to a hotel/spa one weekend every month and puts it down as work related stress relief!

 

 

You should have a read of this mate👍

https://www.gov.uk/expenses-if-youre-self-employed

[flatyre]

interesting reading, seems I could claim more than I thought to reduce my taxable profit.

[Richard 1234]

interesting reading, seems I could claim more than I thought to reduce my taxable profit.

 

 

But not lunch!!

[Joe Newton]

as for the guy putting it down as work related stress relief, absolutely bollocks, sorry

 

 

Pity, my cocaine and hooker bill is getting expensive.

[R Mac]

interesting reading, seems I could claim more than I thought to reduce my taxable profit.

 

There are things you can claim for but the advice I got from my accountant was not to try to be clever, if what you're claiming for is obviously business related fine, if it isn't and HMRC need to ask then you've just drawn attention to yourself.

 

Consider the actual value of what you're claiming for, if it's pence and isn't immediately obvious how it related to the business ask yourself if it's worth risking being called for an audit.

 

Keep accurate records, HMRC will take what they're due and give you back what you're due, try to be clever and you're asking for grief.

 

All IMO of course

[Richard 1234]

There are things you can claim for but the advice I got from my accountant was not to try to be clever, if what you're claiming for is obviously business related fine, if it isn't and HMRC need to ask then you've just drawn attention to yourself.

 

 

 

Consider the actual value of what you're claiming for, if it's pence and isn't immediately obvious how it related to the business ask yourself if it's worth risking being called for an audit.

 

 

 

Keep accurate records, HMRC will take what they're due and give you back what you're due, try to be clever and you're asking for grief.

 

 

 

All IMO of course

 

 

👍😀 that's my thoughts too. If it's even slightly tenuous it's out of expenses for me