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Bill Wright[_3_] Bill Wright[_3_] is offline
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Default OT looking for basic accounts software as going self-employed

On 09/04/2017 10:26, Graeme wrote:
Working from home? Dedicate
a part of the home as office, and claim, say, ten percent of all
household bills.


But remember that any increase in the value of the house during the
period you claim this will result in a tax bill eventually.

Going out in the car? Buy something for the business,
and claim car running expenses, including parking. Just keep all
receipts. Forever.


If it's a car and you have no other car, better to claim a stated
proportion of the running costs (and show your working). Otherwise
they'll come to you years later with a demand, which you won't be able
to contest.


Using a home PC for business records and accounts? Claim for it - and
the cost of modems, routers, ISP, cables, printers, inks, paper etc.
Claim for the cost of any new desk, filing cabinet, files etc.


Same thing as the car. It has to be 'wholly and exclusively' for
business use for you to claim on 100%.


Married? Employ the wife if she is not working elsewhere. Make sure
she does something, though. Pop to suppliers, write cheques, file
invoices, type quotes or whatever. Claim for her car too, if she uses
it for business.


No. Consider a partnership.

Claim for overalls, boots, gloves, masks, tools etc.


Every business expense in fact, as long as it's 'wholly and exclusively'
for business use. Otherwise claim a proportion. Advertising, internet
costs, website design, phone, mobile phones, AA membership, professional
association membership, insurances, trade magazines, postage,
stationery, the lot.

Bill