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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: C.C.S. on December 20, 2010, 02:22:14 pm

Title: tax return ,expenses types
Post by: C.C.S. on December 20, 2010, 02:22:14 pm: what type of expenses all have?i have
*advertising
*equipment
*motor expenses
i'm a self employed working from home like many others and not sure how much to claim against tax for home expenses,for washing all the cloths which can be every day expense.i'm about to see a n accountant tomorrow but i want to be prepared for what i have to discuss with him.thanks
Title: Re: tax return ,expenses types
Post by: formb on December 20, 2010, 02:32:21 pm: FUEL
TOOLS
PUBLIC LIABILITIES
VEHICLE INURANCE
VEHICLE COSTS
ADVERTISEMENT
WATER FED POLE SYSTEM
PROPERTY MAINT
MOBILE PHONE COSTS
POSTAGE
TELEPHONE
OFFICE STATIONARY
PROFFESIONAL FEES
BANK INTEREST
UNIFORMS
LICENCES
GENERAL EXPENSES
Title: Re: tax return ,expenses types
Post by: darren clarke on December 20, 2010, 02:34:11 pm: i think the tax man gives you £3 a week for house hold bills if you run your business from home, this is different if you have a office for work, but if like many it is the kitchen table then i think it is £3, u can claim for vehicles, petrol, uniforms, water, tools, advertising, basically any thing you spend to run your business
Title: Re: tax return ,expenses types
Post by: Smudger on December 20, 2010, 02:39:42 pm: If renting you can claim a portion of the rent ie.. 3 bedroom /living room/ dining room if 1 room is solely for biz then 1 5th can be claimed.

you can claim for....

electric, gas, water, telephone, mobile - guard dog, etc...

Darran
Title: Re: tax return ,expenses types
Post by: formb on December 21, 2010, 11:20:38 am: Quote from: Form B on December 20, 2010, 02:32:21 pm
FUEL
TOOLS
PUBLIC LIABILITIES
VEHICLE INURANCE
VEHICLE COSTS
ADVERTISEMENT
WATER FED POLE SYSTEM
PROPERTY MAINT
MOBILE PHONE COSTS
POSTAGE
TELEPHONE
OFFICE STATIONARY
PROFFESIONAL FEES
BANK INTEREST
UNIFORMS
LICENCES
GENERAL EXPENSES

Oh and

RENT & RATES
TRAINING
WATER PURIFICATION
CUSTOMER DAMAGE REPAIRS
Title: Re: tax return ,expenses types
Post by: dave0123 on December 21, 2010, 12:14:02 pm: And... get an accountant ;D
Title: Re: tax return ,expenses types
Post by: Frankybadboy on December 21, 2010, 02:31:43 pm: when you say rent would this count on a housing ass house.?????????
Title: Re: tax return ,expenses types
Post by: formb on December 21, 2010, 03:14:28 pm: Quote from: frankybadboy on December 21, 2010, 02:31:43 pm
when you say rent would this count on a housing ass house.?????????

Not really sure on that one.

Sorry.
Title: Re: tax return ,expenses types
Post by: Frankybadboy on December 21, 2010, 03:16:47 pm: thanks form b ;)

anybody else ???
Title: Re: tax return ,expenses types
Post by: Paul Coleman on December 21, 2010, 05:41:22 pm: Pretty much covered. Medical expenses are non deductible. But, medical appliances are if they help you work (e.g. back support, neck support, I'm sure there must be others).
I had to get a photocard driving licence renewed this year (10 years were up). I intend to ask my accountant whether I can put this in the books too. 85% of my vehicle is business use (I only have the van for all purposes) so I reckon that 85% of the replacement licence fee should be too. Will put it in and ask him to verify. If it's not allowed he will delete it anyway.
Title: Re: tax return ,expenses types
Post by: Matthew Bateman on December 21, 2010, 05:48:22 pm: Quote from: frankybadboy on December 21, 2010, 03:16:47 pm
thanks form b ;)

anybody else ???

You can offset 4,500,000,% of your income against tax if you live in housing association accommodation unless you live in K-E-Y-N-S-H-A-M

;D
Title: Re: tax return ,expenses types
Post by: edward1 on December 21, 2010, 05:52:47 pm: my accountant advises me that i/we can also claim 10% of our utility bills,(water ,phone,heating,electric,in my case oil)and also a % of mortgage interest.

but tax is still high ,so save as you earn is my advise