Originally Posted by
bunyip
Worth bearing in mind that, working from home and the odd way in which HMRC allow CMs to calculate certain expenses tend to give a slightly skewed picture of them.
One small example: I can claim for heating and lighting while mindees are here, even though I'd still be using the heating and lighting if the mindees were not here and it was just me and the vicar's wife running around naked (well, maybe not the lighting, but I'd maybe turn the heating up a notch. :rolleyes:)
So, given that we're getting tax relief on some items that we'd pay for anyway, our profits can look smaller on paper than the money we actually have available to spend.
If anyone has ever employed an accountant, they've probably been struck by the amount of 'expenses' they managed to find from absolutely nowhere. My first full time job as a wet-behind the-ears Tebbit's cyclist was as an office minion at an accountants. I was stunned by the number of clients who could maintain the most fantastic lifestyles on businesses that never made a p3nny - nor paid a p3nny in tax, naturally. :p
Edited, cos the autocorrect won't let me use the old name for a 1p coin. So, who was the mysterious P3nny who objected to her name being used, and why the guilty conscience? I wonders...................................:rolleye s: