N.I.

[Spangles]

I'm very confused now and don't know whether to put it or not! Oh dear!

I'll wait for further info from John!

[OvTarn]

Yes you can put it as a business expense as you are the business but it would be a drawing as it is income for you privatley and there for not an allowable expense for tax perposes.

EDIT: should say boyfriend an accountant lol

[Spangles]

What does that mean? Sorry if I'm being dim! I just put down outgoings and incomings basically, no drawings?

[chez1373]

I was thinking the same!
what does that mean?
Im very stupidf when it comes to accounts lol

[ajs]

don't know the answer as to whether the payments can go through the books but i do pay £28 a quarter i spoke to the ni office a couple of years ago and they told me that i needed to top up as i hadn't worked since 1991 when sam was born but i don't mind it isn't much i think it equates to £2 a week

[OvTarn]

erm.. what i mean is no matter if you put it through your books or not it still going to come out of the business via drawing which you are taking from the business.

i think a few of you are getting confused about the drawings bit, basically this is anthing you take out of a business in either the form of cash or stock for personal use.

b/f said just put it through the books and if you have an accountant to deal with your accounts they will deal with it.

Also, if you run this from your home and this is your only business and no other business is ran from there, put all your residencial bills through your accountant should if they are any good, they will work out the appropriate % of cost for these cost such as "heat & lighting", "Rates & Water" etc...

hope that makes sense and that i haven't confused you even more.