Company expenses for accounting only.

[gbonner]

So i've just got my year end accounts back from my accountant with the corporation tax figures.
I was expecting to see some additional expenses in there such as the £200 or so you can put through as home office costs.
Im going to go back to my accountant and ask what can be added, in the meantime what other things do you put through without receipts?

Cheers.

[northernladuk]

Read the guides to the right, particularly the ones about expenses...

Use the search function as details in the post below and search for the term expenses and anything else that you might be thinking about..

http://forums.contractoruk.com/welco...uk-forums.html
Have a look at other contractor specialist accountant sites for advice, like these great pages..
Expenses Factsheets | Nixon Williams

Have a look around the HMRC pages about expenses (using google) and look for pages like this..
http://www.hmrc.gov.uk/payerti/exb/a-z/a/index.htm

And finally (or should that have been first) ask your accountant. If he isn't helping you then you are wasting your money and need to ditch him quickly. He knows your situation better than us so should be able to give better advice. If you can find a crap load of stuff he hasn't suggest leave them, quickly.

Should be a good starter for 10. Am sure others will come up with the odd useful one.. There are not many though.

[northernladuk]

Just a question.. you say you expected them to be in there? So you are rely on your accountant to put them in for you? He should be advising you but he shouldn't be doing it for you IMO.

[malvolio]

I don't tell my accountant to claim such things, they are picked up from the spreadsheet weboth use to track MyCo income and expenditure. If you haven't paid it, or haven't recorded it anywhere as paid not only will your accountant not see it for year end you are evading tax, by claiming relief for something you haven't spent.

It's your company. Operate it properly.

[gbonner]

I was asking if there are other such allowable expenses such as the home office flat fee that can be put through the books legitimately. I will go back to my accountant for their advice, but would also like to know what other expenses without reciepts that other IT contractors are legitimately putting through the books.

I fail to understand why every other reply on this forum is so aggresive or condescending.

[TheDandy]

I was asking if there are other such allowable expenses such as the home office flat fee that can be put through the books legitimately. I will go back to my accountant for their advice, but would also like to know what other expenses without reciepts that other IT contractors are legitimately putting through the books.

I fail to understand why every other reply on this forum is so aggresive or condescending.

£3-£4 per week for office.

[malvolio]

I was asking if there are other such allowable expenses such as the home office flat fee that can be put through the books legitimately. I will go back to my accountant for their advice, but would also like to know what other expenses without reciepts that other IT contractors are legitimately putting through the books.

I fail to understand why every other reply on this forum is so aggresive or condescending.

Because you have failed to grasp the two basic rules that keep you legal: you can only claim expenses you have spent and expenses have to be wholly and exclusively for business reasons. And it's all written down over there --->

HTH...

[gbonner]

Being legal seems to be down to interpretation, for example the Nixon Williams advice on their website for office furniture states that the personal usage should be insignificant (not wholly for business use) and if below £300 is unlikely to be questioned.

Hence my original question of what else do other contractors put through the books.

[cojak]

I have receipts for all of my expenses (bar mileage). If I don't have a receipt I don't claim it.

[darrylmg]

I have receipts for all of my expenses (bar mileage). If I don't have a receipt I don't claim it.

+1 to that.
It's really not worth the hassle sometimes.