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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Rcs on December 07, 2009, 05:15:09 pm

Title: what is tax deductable
Post by: Rcs on December 07, 2009, 05:15:09 pm
just starting out will get a accountant sorted soon
but can anyone give me a few pointers on what i can claim back
ie van water  diesal equipment
all i seem do do is shell out at the moment
just wondering what i can get back
Title: Re: what is tax deductable
Post by: DaveG on December 07, 2009, 05:16:37 pm
if you keep reciepts everything thats related to your business should be tax deductable mate
Title: Re: what is tax deductable
Post by: Niall McAllister on December 07, 2009, 05:43:27 pm
A guide line, NOT A RULE, if you can honestly say it's for the business, you will probably be able to claim ;)



Title: Re: what is tax deductable
Post by: dazmond on December 07, 2009, 05:44:06 pm
everything u use for ur business fuel,scrims,ladders,rubbers etc.keep reciepts for EVERYTHING!
Title: Re: what is tax deductable
Post by: DaveG on December 07, 2009, 05:55:59 pm
printer. stationery, printer cartridges, work wear....the list is endless
Title: Re: what is tax deductable
Post by: AuRavelling79 on December 07, 2009, 06:17:38 pm
Insurances; trade association membership; training courses.
Title: Re: what is tax deductable
Post by: [GQC] Tim on December 07, 2009, 06:30:13 pm

Fuel cost, road tax, vehicle insurance. Consumables, allmost all tools, computers, printers, stationary, clothing, life cover key worker, personal expenses (to a degree), website costs, public liability insurance, phone bills if used solely for business. Just a few off the top of my head.

If you got one room in the house solely as your office, you can claim part of your rent/counciltax/fuelbills.
Title: Re: what is tax deductable
Post by: borg on December 07, 2009, 06:34:17 pm

Fuel cost, road tax, vehicle insurance. Consumables, allmost all tools, computers, printers, stationary, clothing, life cover key worker, personal expenses (to a degree), website costs, public liability insurance, phone bills if used solely for business. Just a few off the top of my head.

If you got one room in the house solely as your office, you can claim part of your rent/counciltax/fuelbills.
on the life cover do u do it from april to april i have never claimed for it before.
Title: Re: what is tax deductable
Post by: [GQC] Tim on December 07, 2009, 07:43:57 pm

Fuel cost, road tax, vehicle insurance. Consumables, allmost all tools, computers, printers, stationary, clothing, life cover key worker, personal expenses (to a degree), website costs, public liability insurance, phone bills if used solely for business. Just a few off the top of my head.

If you got one room in the house solely as your office, you can claim part of your rent/counciltax/fuelbills.
on the life cover do u do it from april to april i have never claimed for it before.

I don't have life cover so cannot really comment on it. You just claim for it as you spend on it I assume.
Title: Re: what is tax deductable
Post by: idealrob on December 07, 2009, 09:38:06 pm
But not accountants fees, these are not tax deductable.

idealrob
Title: Re: what is tax deductable
Post by: williamx on December 07, 2009, 09:45:49 pm
But not accountants fees, these are not tax deductable.

idealrob

Mine are
Title: Re: what is tax deductable
Post by: chopsie on December 07, 2009, 09:48:17 pm
why are accountants fees not deductable? its a spend on you business  ???
Title: Re: what is tax deductable
Post by: Gav Camm lammy 283 on December 07, 2009, 09:51:47 pm
,mine were deductable
Title: Re: what is tax deductable
Post by: JS_Cleaning on December 07, 2009, 09:53:56 pm
tell me is an accountant a must have, or can we do it ourselves?
Title: Re: what is tax deductable
Post by: chopsie on December 07, 2009, 09:57:11 pm
think I defo need to see an accountant,Do you just pick one out the yellow pages,or go on recommendations?
Title: Re: what is tax deductable
Post by: DaveG on December 07, 2009, 10:00:40 pm
But not accountants fees, these are not tax deductable.

idealrob

Yes they are mate :)
Title: Re: what is tax deductable
Post by: Ian Rochester on December 07, 2009, 10:05:08 pm
Finding a good accountant can be hard work.  Best to speak to other small businesses in your area, hairdressers, garages, etc, and see who they are using and if they would recommend them.

Title: Re: what is tax deductable
Post by: Gav Camm lammy 283 on December 07, 2009, 10:06:56 pm
think I defo need to see an accountant,Do you just pick one out the yellow pages,or go on recommendations?
pity you werent closer to wrexha,m ma father in laws a top accountant m8
Title: Re: what is tax deductable
Post by: [GQC] Tim on December 07, 2009, 10:16:34 pm
tell me is an accountant a must have, or can we do it ourselves?

Depends on the size of your business, if it's just you, or a small business you can definitely do it yourself. It's not too difficult.
Title: Re: what is tax deductable
Post by: idealrob on December 07, 2009, 10:32:55 pm
Sorry, I always thought accountant fees were not deductable, but fully accept my mistake

idealrob
Title: Re: what is tax deductable
Post by: Bonkors on December 07, 2009, 10:34:30 pm
But not accountants fees, these are not tax deductable.

idealrob

These are deductable as they are classed as professional fees.
Title: Re: what is tax deductable
Post by: DaveG on December 07, 2009, 10:44:15 pm
tell me is an accountant a must have, or can we do it ourselves?

I like to know is done right, for a couple of hundred quid a year its well worth it, in my opinion
Title: Re: what is tax deductable
Post by: leapstallbuildings on December 08, 2009, 07:45:02 am
But not accountants fees, these are not tax deductable.

idealrob


Yes they are.
As far as I know, the only accountant fees not tax deductible are the ones incurred in an investigation.

EDITED TO SAY:  I've just read down further and seen your amendment.

To the original poster.  Make sure your business is registered with the IR within 3 months of starting or they fine you (£100 I think).
Title: Re: what is tax deductable
Post by: Window Washers on December 08, 2009, 07:49:20 am
being on www.windowwashers.co.uk for a year is tax deductable
Title: Re: what is tax deductable
Post by: leapstallbuildings on December 08, 2009, 09:17:10 am
being on www.windowwashers.co.uk for a year is tax deductable

Yes I offset this against tax - when you bother to email the receipts   ;D
Title: Re: what is tax deductable
Post by: Window Washers on December 08, 2009, 09:29:20 am
being on www.windowwashers.co.uk for a year is tax deductable

Yes I offset this against tax - when you bother to email the receipts   ;D

lol, I am waiting for your email cheeky chops  ::)
Title: Re: what is tax deductable
Post by: Bonkors on December 08, 2009, 11:14:22 am
But not accountants fees, these are not tax deductable.

idealrob


Yes they are.
As far as I know, the only accountant fees not tax deductible are the ones incurred in an investigation.

EDITED TO SAY:  I've just read down further and seen your amendment.

To the original poster.  Make sure your business is registered with the IR within 3 months of starting or they fine you (£100 I think).

Furthermore, this fine is NOT tax deductable. For that matter neither are any fines imposed by revenue and customs!
Title: Re: what is tax deductable
Post by: Helen on December 08, 2009, 06:00:11 pm
Sorry, I always thought accountant fees were not deductable, but fully accept my mistake

idealrob

Before anything else I am NOT having a go at you personally :)
This is why we should all employ an accountant as "thought" could turn out to be wrong and cost you money ;D
Title: Re: what is tax deductable
Post by: bobplum on December 08, 2009, 08:54:38 pm
just starting out will get a accountant sorted soon
but can anyone give me a few pointers on what i can claim back
ie van water  diesal equipment
all i seem do do is shell out at the moment
just wondering what i can get back

massages-to relive the stress of collecting all that money ;D
Title: Re: what is tax deductable
Post by: JRDEasiReach on December 09, 2009, 03:08:20 pm
I dont intend to have an accountant, my books are kept up to date on a friday evening or at least before the next week starts, i keep receipts for everything i spend from my business account and then when the tax return comes in april ill be sorted with things written down and sorted out, one thing though if you DO employ an accountant dont just turn up with a box full of receipts and ask him to sort it out, you will be charged a fortune!!  ive heard it being done and it aint nice :)