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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: combat1 on March 27, 2011, 03:04:58 pm

Title: Bank charges allowable
Post by: combat1 on March 27, 2011, 03:04:58 pm

Hi All,
At this time of the year I am preparing, once again for the self assessment online exercise!
My question is: are bank charges on your business only account an allowable expense.
It might also be useful to see if anyone has items which we might not have thought of to claim for.
Thanks.

Title: Re: Bank charges allowable
Post by: p1w1 on March 27, 2011, 05:20:59 pm

i claim for mine, to be honest you should really use an accountant as they will claim for every penny you can and are worth more then what they cost..trying to do self assement tax is a false economy IMO.

Title: Re: Bank charges allowable
Post by: bobplum on March 27, 2011, 05:46:30 pm

im using a book keeper as from april shes already told me things to claim which i didnt realise
£30.00 a month
at the end of the year probably worth it,as i claim her charges

Title: Re: Bank charges allowable
Post by: Klean07 on March 27, 2011, 07:10:30 pm

Shoes, t-shirts, gloves, hats, book keeper, pen, paper, brush, pole, diesel, mot, tyres, exhaust, advertising, water bill, electric, gas etc etc. Oh yes all bank charges too!!!

Title: Re: Bank charges allowable
Post by: combat1 on March 27, 2011, 07:15:07 pm

Thanks, think the water bill is going to be a must when they fit meters around here!

Title: Re: Bank charges allowable
Post by: Ian B on March 27, 2011, 08:22:06 pm

Any costs you incur carrying on your business are allowed.