i simply claim back everything that is a cost to the business be it fuel, tools, materials, clothes, stationary, staff (wife doing the books!), costs agisnt the home as i use it to run the bsiness, mobile phone & broadband, and any marketing costs such as advertising, business cards, flyers and sponsorship etc. This also includes any accomodation costs should you be working away and food allowance etc.
Of course the van goes against this as well, depreciation wise of course.
I then give it all to the accountant and then he works out whats ok and what isnt.
If its as legitimate expense then it should be claimable and offset against your tax, simple as that.
Have i missed or added andything i shouldnt have Grumpy? |