Accounts Q

[Vickster]

I have just logged my expenses so far under December as this is when I am starting working and am registered with the tax office even though some of the receipts are for earlier in the year i.e Ofsted app fee, toys etc, should I actullay put them in the month that shows on the receipt?

Also I am using a basic spreasheet that is on Bromley, which list expenses against income then works out profit, does this sound about right?

[miffy]

I'm no expert but I'd lump it all together as "start-up costs'

If you click on "free resources" at the top of the forum then on "free downloads" there are a couple of sheets about tax and expenses which might help you

Miffy xx

[Vickster]

Thanks I have printed this off

[Chatterbox Childcare]

You are doing it correctly and I am unsure of this spreadsheet but does it say that you can claim 10% for wear and tear of your total income? Helps nicely

Also, if you have only just started I would expect a considerable loss for this year

[Vickster]

Debbie, yes it does. Thanks!