Originally Posted by
Steve Francis
Hi everyone, new here and first of all thanks to you all for some great advice I've read so far on other threads
My wife's just starting her business and I'm looking after her books to ease the pressure as she has fortunately had lots of interest and is going to be v busy soon.
To plan ahead, I had a question about a TV we bought to be used in our specially built playroom extension of the house.
This was bought in January but has only just been put up to be used for childminding purposes. How would I put this through? Should Capital Allowances be listed in the usual weekly expenses records (I'm using Pacey's forms) ? Does it matter it was bought in January but have not started trading until July - would I put it through July's expenses? Does the same apply to any other pre-trading expenses I bought before actually childminding eg - pacey membership etc?
Thanks in advance
Steve
You are allowed to put in all expenses any you occurred while you were waiting to be registered. So pacey etc is all acceptable.
The tv well that's another matter. We will all have different opinions so the best thing to do is to ring the tax man and see if they think its an allowable expense. If they say yes - take their name date and time you called.
When someone tells you nothing is impossible, tell them to go slam a revolving door
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