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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: ftp on September 23, 2009, 06:02:50 pm

Title: Best time to invest?
Post by: ftp on September 23, 2009, 06:02:50 pm

Is there an ideal time to spend money on your business regarding tax and the tax year?

Title: Re: Best time to invest?
Post by: daz1977 on September 23, 2009, 06:41:32 pm

yea  if you make a load of profit and need to not pay tax on it,  but a decent accountant wll tell you when to spend your money,  ie buy new vans systems etc.  if your small  it doesnt matter what time of year as losses can be carryied over to the following year,  but if you got to spend it spent at start of tax year  then you got all year to make a loss

Title: Re: Best time to invest?
Post by: daz1977 on September 23, 2009, 06:56:24 pm

just remember that the tax man isnt thick,  dont claim that you are making 300 per week with two speed boats on the drive lol, 

Title: Re: Best time to invest?
Post by: Kwackers on September 23, 2009, 07:01:16 pm

Invest in me :)

Get yourself a years worth of kit, buy yourself a sat nav or anything else you could pass off.

I bought a petrol lawnmower just before put in my accounts to use round the house :)