Originally posted by northernladuk
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Expenses Out of Contract
Collapse
X
-
Down with racism. Long live miscegenation! -
Originally posted by NotAllThere View PostNo. Surprising, huh? My wife just reminded me of the time that after the kids went to bed, we'd play Crazy Taxi. My son was really annoyed when he started the Gamecube up, and found that we had the top ten high scores. *sigh* I rarely have the time anymore to play. Maybe I should retire.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by NotAllThere View PostReally? Last time I was benched I used my computer to get really really good at Worms Armageddon.
But I stand by my original comment!"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
-
Originally posted by northernladuk View PostIs that what you call it over there
Gotta earn money on the bench somehow, I guess!Comment
-
Originally posted by jmo21 View PostWait a minute.....
do we have absolute agreement from EVERYONE?!?
seems suspicious to me!"The boy who cried Sheep"Comment
-
Originally posted by BolshieBastard View PostOP needs to change their 'accountant.'
I suspect the accountant 'knows' the new PC is not going to be used by the business and is just using the 'wholly and exclusive' and being out of contract as a reason not to allow it as a business expense."The boy who cried Sheep"Comment
-
One does wonder what in the world the accountant was told that made him say this.
Sometimes, of course, people described on the Internet are complete idiots. But maybe OP let it slip that he's taking six months bench time to try to become the Minecraft world champion, or something, and the accountant might have a point.
Or, maybe he's a complete idiot.
What exactly did you tell him?Comment
-
Originally posted by WordIsBond View PostOne does wonder what in the world the accountant was told that made him say this.
Sometimes, of course, people described on the Internet are complete idiots. But maybe OP let it slip that he's taking six months bench time to try to become the Minecraft world champion, or something, and the accountant might have a point.
Or, maybe he's a complete idiot.
What exactly did you tell him?
Conversation was basically:
Me: My old PC is on its last legs. I'm getting a new one.
Acct: OK, I see your contract is finished. What client are you working at now?
Me: I'm currently looking for a new one.
Acct: If you're not trading then HMRC won't allow this as an expense.
Me: I am trading - I just don't have a customer right now. Anyway, I'm not buying it for a client. It's for operating my own company.
Acct: Then you can't expense it. You'll have to buy it privately now and then expense it later once you have a client.
Me: What???!!! It's for my company. It's not for a client. Why does my unknown next client have any interest in my company PC?
Acct: Just Because(*)
(*) Or some other meaninglessness
I'm thinking of getting my next door neighbour as a "client" and charge him £2 to set up his Netflix account. Then I can ask my accountant to expense my PC against it
Or, perhaps more sensibly, change accountants....Comment
-
Originally posted by whatnow View PostAcct: Just Because(*)
(*) Or some other meaninglessness
Or, perhaps more sensibly, change accountants....'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View PostThat would have been the interesting bit, to see his justification but...
This and be done with it.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment