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Rcs

what is tax deductable
« 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

DaveG

  • Posts: 6348
Re: what is tax deductable
« Reply #1 on: December 07, 2009, 05:16:37 pm »
if you keep reciepts everything thats related to your business should be tax deductable mate
You can't polish a turd

Re: what is tax deductable
« Reply #2 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 ;)




dazmond

  • Posts: 24453
Re: what is tax deductable
« Reply #3 on: December 07, 2009, 05:44:06 pm »
everything u use for ur business fuel,scrims,ladders,rubbers etc.keep reciepts for EVERYTHING!
price higher/work harder!

DaveG

  • Posts: 6348
Re: what is tax deductable
« Reply #4 on: December 07, 2009, 05:55:59 pm »
printer. stationery, printer cartridges, work wear....the list is endless
You can't polish a turd

AuRavelling79

  • Posts: 26593
Re: what is tax deductable
« Reply #5 on: December 07, 2009, 06:17:38 pm »
Insurances; trade association membership; training courses.
It's a game of three halves!

[GQC] Tim

  • Posts: 4536
Re: what is tax deductable
« Reply #6 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.

borg

  • Posts: 228
Re: what is tax deductable
« Reply #7 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.

[GQC] Tim

  • Posts: 4536
Re: what is tax deductable
« Reply #8 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.

idealrob

  • Posts: 666
Re: what is tax deductable
« Reply #9 on: December 07, 2009, 09:38:06 pm »
But not accountants fees, these are not tax deductable.

idealrob

williamx

Re: what is tax deductable
« Reply #10 on: December 07, 2009, 09:45:49 pm »
But not accountants fees, these are not tax deductable.

idealrob

Mine are

chopsie

  • Posts: 1736
Re: what is tax deductable
« Reply #11 on: December 07, 2009, 09:48:17 pm »
why are accountants fees not deductable? its a spend on you business  ???
chopsie

Gav Camm lammy 283

  • Posts: 7520
Re: what is tax deductable
« Reply #12 on: December 07, 2009, 09:51:47 pm »
,mine were deductable
LET YOUR PANES BE MY PLEASURE

"If CALSBERG did WINDOW CLEANING
 it would be C.C.C  Probably the best WINDOW CLEANERS IN THE WORLD ..........."

JS_Cleaning

  • Posts: 40
Re: what is tax deductable
« Reply #13 on: December 07, 2009, 09:53:56 pm »
tell me is an accountant a must have, or can we do it ourselves?

chopsie

  • Posts: 1736
Re: what is tax deductable
« Reply #14 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?
chopsie

DaveG

  • Posts: 6348
Re: what is tax deductable
« Reply #15 on: December 07, 2009, 10:00:40 pm »
But not accountants fees, these are not tax deductable.

idealrob

Yes they are mate :)
You can't polish a turd

Ian Rochester

  • Posts: 2588
Re: what is tax deductable
« Reply #16 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.


Gav Camm lammy 283

  • Posts: 7520
Re: what is tax deductable
« Reply #17 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
LET YOUR PANES BE MY PLEASURE

"If CALSBERG did WINDOW CLEANING
 it would be C.C.C  Probably the best WINDOW CLEANERS IN THE WORLD ..........."

[GQC] Tim

  • Posts: 4536
Re: what is tax deductable
« Reply #18 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.

idealrob

  • Posts: 666
Re: what is tax deductable
« Reply #19 on: December 07, 2009, 10:32:55 pm »
Sorry, I always thought accountant fees were not deductable, but fully accept my mistake

idealrob